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1 in 7 white households have $1M net worth. U post

https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white...
kink-friendly ceo
  03/22/18
Win thi$
Twinkling stock car indirect expression
  03/22/18
...
kink-friendly ceo
  03/22/18
...
Silver Floppy Stage
  09/30/18
Cops don't make that much starting
Irradiated area
  03/22/18
...
kink-friendly ceo
  03/22/18
that's poverty wages in that city
outnumbered address
  03/22/18
...
kink-friendly ceo
  03/22/18
lol...you jumped directly from the #1 most expensive US metr...
Out-of-control Khaki Abode Travel Guidebook
  03/23/18
Poasting was the only reason that Peterman was able to achie...
adventurous violet antidepressant drug business firm
  03/22/18
Its mostly white baby boomers rofl
Idiotic navy public bath corn cake
  03/22/18
I guess that's ok for their children as they can give them m...
Black Disgusting Nursing Home
  03/22/18
lmao boomers booming it all away
Umber mental disorder
  03/22/18
is that why they are called boomers?
Black Disgusting Nursing Home
  03/22/18
...
Puce talented selfie hospital
  03/22/18
...
Idiotic navy public bath corn cake
  03/22/18
...
kink-friendly ceo
  03/22/18
http://www.megamillions.com
Twinkling stock car indirect expression
  03/22/18
...
titillating pearly indian lodge cuckold
  03/22/18
...
kink-friendly ceo
  03/22/18
...
Lavender electric hall pervert
  09/30/18
Wealth should not include equity in a primary residence.
cerebral generalized bond partner
  03/22/18
...
Irradiated area
  03/22/18
(does not live in NYC/LA/SF)
curious new version den
  03/22/18
You need to live somewhere, so home equity is not a lump of ...
cerebral generalized bond partner
  03/22/18
if you live in a 2M home in NY then move to FL for retiremen...
Black Disgusting Nursing Home
  03/22/18
sure it is. can’t i remortgage the equity and continuously r...
sable big state
  03/22/18
What could go wrong?
cerebral generalized bond partner
  03/22/18
yes, upside is generally accompanied by risk in modern finan...
sable big state
  03/22/18
Because if the market tanks you could be underwater on your ...
cerebral generalized bond partner
  03/22/18
If the market tanks your stocks could lose value. If runawa...
appetizing clear mediation
  03/23/18
i do give some credit to the idea of marking home equity, 40...
curious new version den
  03/22/18
...
kink-friendly ceo
  03/22/18
Everything other than home equity should count.
charcoal library masturbator
  03/24/18
Wealth =/= investable cash Also, unless you live in a sha...
appetizing clear mediation
  03/22/18
Just sell your house and live somewhere cheaper when it pull...
cerebral generalized bond partner
  03/22/18
So? Spending your money means you can't use it on other thi...
appetizing clear mediation
  03/23/18
...
exhilarant nubile liquid oxygen temple
  03/23/18
not everyone lives in mom's basement forever
odious brilliant house hunting ground
  03/23/18
Why not?
appetizing clear mediation
  03/22/18
You almost certainly have familial and emotional obligations...
cerebral generalized bond partner
  03/22/18
i see what you're saying, but an asset being illiquid -/->...
exhilarant nubile liquid oxygen temple
  03/23/18
I think that can be true for a lot of assets (cars, jewelry)...
appetizing clear mediation
  03/23/18
how is this possible, i thought an absurdly low number of bo...
Umber mental disorder
  03/22/18
Average wealth is >$900k, median is <$300k. Rich ou...
cerebral generalized bond partner
  03/22/18
...
Idiotic navy public bath corn cake
  03/22/18
Median is 170 according to the article. Still sounds high to...
Hideous poppy plaza coffee pot
  03/22/18
...
kink-friendly ceo
  03/22/18
170 is high? JFC none of you people live in New Jersey.
dashing wagecucks
  09/30/18
property rich, cash poor
Sticky maize rigpig
  03/22/18
...
house-broken lascivious doctorate principal's office
  03/22/18
it wouldn't surprise me if both were true. I could see 1/...
Black Disgusting Nursing Home
  03/22/18
didn't click but has to be including their home values ton...
Orchid vibrant queen of the night pocket flask
  03/22/18
A bunch of them rode the housing bubble all the way: bought ...
bronze pit main people
  03/23/18
white or (((white)))?
concupiscible mad-dog skullcap reading party
  03/23/18
pretty sure it's like 6/7 for (((whites)))
wonderful cuck mad cow disease
  03/23/18
I’m probably a paper millionaire including home equity (incl...
supple french mexican persian
  03/23/18
If your wife works say *we*. You by yourself are not a paper...
wonderful cuck mad cow disease
  03/23/18
Fair. I edited before I saw your post.
supple french mexican persian
  03/23/18
This works very well where the couple is committed to stayin...
wonderful cuck mad cow disease
  03/23/18
Neither of us is from a broken home, at least.
supple french mexican persian
  03/23/18
So you probably have lots of Jew gold buried in the backyard...
concupiscible mad-dog skullcap reading party
  03/23/18
I should go check.
supple french mexican persian
  03/23/18
damn among the xoxo cohort, like college educated whites and...
tan double fault property
  03/23/18
other data: about 8% of households (calculated based on the...
tan double fault property
  03/23/18
Is a million supposed to be a lot in 2018? That was a lot of...
Learning Disabled Mood
  03/23/18
but tbf, $1mm gets you 30 years of $65k distributions assumi...
tan double fault property
  03/23/18
(guy who doesn't think 1 out of 7 xo posters are worth $1+ m...
odious brilliant house hunting ground
  03/23/18
What percentage of households with members in their 30s have...
jet resort
  03/23/18
...
kink-friendly ceo
  09/30/18
A lot of Boomers are rich, news at 11.
dashing wagecucks
  09/30/18


Poast new message in this thread



Reply Favorite

Date: March 22nd, 2018 10:18 PM
Author: kink-friendly ceo

https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white-families-are-twice-as-likely-to-be-millionaires-as-a-generation-ago/?utm_term=.e42043bd2ced



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665806)



Reply Favorite

Date: March 22nd, 2018 10:25 PM
Author: Twinkling stock car indirect expression
Subject: Win thi$

http://www.megamillions.com

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665873)



Reply Favorite

Date: March 22nd, 2018 10:43 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666091)



Reply Favorite

Date: September 30th, 2018 10:35 PM
Author: Silver Floppy Stage



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36930010)



Reply Favorite

Date: March 22nd, 2018 10:28 PM
Author: Irradiated area

Cops don't make that much starting

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665911)



Reply Favorite

Date: March 22nd, 2018 10:47 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666135)



Reply Favorite

Date: March 22nd, 2018 10:57 PM
Author: outnumbered address

that's poverty wages in that city

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666235)



Reply Favorite

Date: March 22nd, 2018 10:59 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666262)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: Out-of-control Khaki Abode Travel Guidebook

lol...you jumped directly from the #1 most expensive US metro to the #2.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669415)



Reply Favorite

Date: March 22nd, 2018 10:19 PM
Author: adventurous violet antidepressant drug business firm

Poasting was the only reason that Peterman was able to achieve that. What say you to that

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665816)



Reply Favorite

Date: March 22nd, 2018 10:24 PM
Author: Idiotic navy public bath corn cake

Its mostly white baby boomers rofl

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665866)



Reply Favorite

Date: March 22nd, 2018 10:27 PM
Author: Black Disgusting Nursing Home

I guess that's ok for their children as they can give them money and pass it on... unless you have a lot of brothers and sisters, then ur fucked.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665899)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Umber mental disorder

lmao boomers booming it all away



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665943)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: Black Disgusting Nursing Home

is that why they are called boomers?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665992)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: Puce talented selfie hospital



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665993)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: Idiotic navy public bath corn cake



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666005)



Reply Favorite

Date: March 22nd, 2018 10:45 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666110)



Reply Favorite

Date: March 22nd, 2018 10:31 PM
Author: Twinkling stock car indirect expression

http://www.megamillions.com

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665939)



Reply Favorite

Date: March 22nd, 2018 10:45 PM
Author: titillating pearly indian lodge cuckold



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666108)



Reply Favorite

Date: March 22nd, 2018 10:46 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666123)



Reply Favorite

Date: September 30th, 2018 10:18 PM
Author: Lavender electric hall pervert



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929925)



Reply Favorite

Date: March 22nd, 2018 10:31 PM
Author: cerebral generalized bond partner

Wealth should not include equity in a primary residence.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665938)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Irradiated area



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665948)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: curious new version den

(does not live in NYC/LA/SF)

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665952)



Reply Favorite

Date: March 22nd, 2018 10:35 PM
Author: cerebral generalized bond partner

You need to live somewhere, so home equity is not a lump of investable cash.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665986)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: Black Disgusting Nursing Home

if you live in a 2M home in NY then move to FL for retirement, it basically is.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666002)



Reply Favorite

Date: March 22nd, 2018 10:55 PM
Author: sable big state

sure it is. can’t i remortgage the equity and continuously reinvest it in equities?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666201)



Reply Favorite

Date: March 22nd, 2018 10:58 PM
Author: cerebral generalized bond partner

What could go wrong?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666252)



Reply Favorite

Date: March 22nd, 2018 11:02 PM
Author: sable big state

yes, upside is generally accompanied by risk in modern financial markets. and therefore...you actually can’t reinvest the value represented by the equity in your home? cmon man.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666298)



Reply Favorite

Date: March 22nd, 2018 11:26 PM
Author: cerebral generalized bond partner

Because if the market tanks you could be underwater on your home. And if everyone does what you say then that will happen much sooner.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666551)



Reply Favorite

Date: March 23rd, 2018 11:18 AM
Author: appetizing clear mediation

If the market tanks your stocks could lose value. If runaway inflation happens your cash could lose value. A lot of things could make your net worth decrease, but that doesn't mean it's *not* net worth.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669407)



Reply Favorite

Date: March 22nd, 2018 10:57 PM
Author: curious new version den

i do give some credit to the idea of marking home equity, 401K, 529, etc., to 0 in net worth calcs.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666239)



Reply Favorite

Date: March 22nd, 2018 11:20 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666488)



Reply Favorite

Date: March 24th, 2018 1:29 AM
Author: charcoal library masturbator

Everything other than home equity should count.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35675987)



Reply Favorite

Date: March 22nd, 2018 11:25 PM
Author: appetizing clear mediation

Wealth =/= investable cash

Also, unless you live in a shack, you can sell your house and live somewhere cheaper.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666535)



Reply Favorite

Date: March 22nd, 2018 11:30 PM
Author: cerebral generalized bond partner

Just sell your house and live somewhere cheaper when it pulls your kid out of a good school district.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666603)



Reply Favorite

Date: March 23rd, 2018 10:50 AM
Author: appetizing clear mediation

So? Spending your money means you can't use it on other things. That doesn't mean it's not part of your worth.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669201)



Reply Favorite

Date: March 23rd, 2018 11:23 AM
Author: exhilarant nubile liquid oxygen temple



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669459)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: odious brilliant house hunting ground

not everyone lives in mom's basement forever

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669416)



Reply Favorite

Date: March 22nd, 2018 11:24 PM
Author: appetizing clear mediation

Why not?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666528)



Reply Favorite

Date: March 22nd, 2018 11:28 PM
Author: cerebral generalized bond partner

You almost certainly have familial and emotional obligations that make primary residence equity less fungible than, say, a stock portfolio. Primary residences are not simply another asset class.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666586)



Reply Favorite

Date: March 23rd, 2018 11:23 AM
Author: exhilarant nubile liquid oxygen temple

i see what you're saying, but an asset being illiquid -/-> you don't count it in your net worth.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669456)



Reply Favorite

Date: March 23rd, 2018 12:07 PM
Author: appetizing clear mediation

I think that can be true for a lot of assets (cars, jewelry). There are other qualities that make assets more or less fungible, but I don't think they should be excluded from net worth (unless you're going to totally redefine what it means).

Maybe some other classification (easily investable worth?) makes sense.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669858)



Reply Favorite

Date: March 22nd, 2018 10:32 PM
Author: Umber mental disorder

how is this possible, i thought an absurdly low number of boomers had even like 10K saved for retirement

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665947)



Reply Favorite

Date: March 22nd, 2018 10:34 PM
Author: cerebral generalized bond partner

Average wealth is >$900k, median is <$300k.

Rich outliers skew the numbers.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665970)



Reply Favorite

Date: March 22nd, 2018 10:34 PM
Author: Idiotic navy public bath corn cake



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665984)



Reply Favorite

Date: March 22nd, 2018 10:39 PM
Author: Hideous poppy plaza coffee pot

Median is 170 according to the article. Still sounds high to me.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666035)



Reply Favorite

Date: March 22nd, 2018 10:49 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666142)



Reply Favorite

Date: September 30th, 2018 10:23 PM
Author: dashing wagecucks

170 is high?

JFC none of you people live in New Jersey.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929944)



Reply Favorite

Date: March 22nd, 2018 10:36 PM
Author: Sticky maize rigpig

property rich, cash poor

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666001)



Reply Favorite

Date: March 22nd, 2018 11:22 PM
Author: house-broken lascivious doctorate principal's office



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666511)



Reply Favorite

Date: March 22nd, 2018 10:37 PM
Author: Black Disgusting Nursing Home

it wouldn't surprise me if both were true.

I could see 1/7 people having 1M in assets.

I could also see 4/7 having less than 100K in assets.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666012)



Reply Favorite

Date: March 22nd, 2018 11:25 PM
Author: Orchid vibrant queen of the night pocket flask

didn't click but has to be including their home values

tons of boomers in CA and east coast are "millionaires" that way

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666544)



Reply Favorite

Date: March 23rd, 2018 11:20 AM
Author: bronze pit main people

A bunch of them rode the housing bubble all the way: bought in Los Altos for 250k and are now sitting on a 2.5 million house

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669425)



Reply Favorite

Date: March 23rd, 2018 11:09 AM
Author: concupiscible mad-dog skullcap reading party

white or (((white)))?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669323)



Reply Favorite

Date: March 23rd, 2018 11:11 AM
Author: wonderful cuck mad cow disease

pretty sure it's like 6/7 for (((whites)))

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669338)



Reply Favorite

Date: March 23rd, 2018 11:13 AM
Author: supple french mexican persian

I’m probably a paper millionaire including home equity (including wife’s claim on assets).

Problem is a lot of it is home equity that I can’t easily access.

I still feel poor as fuck and am constantly nervous about me or wife getting Lathamed.

I’m (((white))), so make of that what you will.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669352)



Reply Favorite

Date: March 23rd, 2018 11:14 AM
Author: wonderful cuck mad cow disease

If your wife works say *we*. You by yourself are not a paper millionaire. You and your wife are.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669360)



Reply Favorite

Date: March 23rd, 2018 11:15 AM
Author: supple french mexican persian

Fair. I edited before I saw your post.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669374)



Reply Favorite

Date: March 23rd, 2018 11:16 AM
Author: wonderful cuck mad cow disease

This works very well where the couple is committed to staying together forever.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669394)



Reply Favorite

Date: March 23rd, 2018 11:17 AM
Author: supple french mexican persian

Neither of us is from a broken home, at least.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669397)



Reply Favorite

Date: March 23rd, 2018 11:14 AM
Author: concupiscible mad-dog skullcap reading party

So you probably have lots of Jew gold buried in the backyard then

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669361)



Reply Favorite

Date: March 23rd, 2018 11:16 AM
Author: supple french mexican persian

I should go check.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669388)



Reply Favorite

Date: March 23rd, 2018 11:15 AM
Author: tan double fault property

damn among the xoxo cohort, like college educated whites and asians living in a top 15 population city and above age 40 i bet this number has to rise to like 1/4.



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669385)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: tan double fault property

other data: about 8% of households (calculated based on the 10mm millionaire figure assuming 125mm households) have $1mm in investable assets excluding home equity

https://www.cnbc.com/2017/03/22/record-number-of-millionaire-households-in-us.html

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669417)



Reply Favorite

Date: March 23rd, 2018 11:19 AM
Author: Learning Disabled Mood

Is a million supposed to be a lot in 2018? That was a lot of money in 1985. It's nothing in 2018. I'm worth like $1.5 million. I still have to work. That amounting money just means if I get fired I can spend 6 months looking for a job instead of immediately selling a kidney or driving Uber. $5 million is the new $1 million just like 250k is the new $100k for a good salary. $100k now is nothing.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669420)



Reply Favorite

Date: March 23rd, 2018 11:25 AM
Author: tan double fault property

but tbf, $1mm gets you 30 years of $65k distributions assuming 6% returns.

So you already know you can retire at 65.

And you are young so if you can double that by 55 you probably could retire then (if OK to live on fixed income).

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669478)



Reply Favorite

Date: March 23rd, 2018 11:21 AM
Author: odious brilliant house hunting ground

(guy who doesn't think 1 out of 7 xo posters are worth $1+ million)

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669433)



Reply Favorite

Date: March 23rd, 2018 3:13 PM
Author: jet resort

What percentage of households with members in their 30s have a net worth of 1 million?

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35671593)



Reply Favorite

Date: September 30th, 2018 10:17 PM
Author: kink-friendly ceo



(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929914)



Reply Favorite

Date: September 30th, 2018 10:21 PM
Author: dashing wagecucks

A lot of Boomers are rich, news at 11.

(http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929939)