4 ms·
30% of households have an aggregate net worth above 250k. So the situation GP in describing is probably very common.
by mruts 7y ago
30% of households have an aggregate net worth above 250k. So the situation GP in describing is probably very common.
- bscphil 7y agoThe portion of households that have $250k in the bank is no doubt much less than 30%.
- sverige 7y agoBut the majority of that 30% with a net worth above $250k have most of it in the form of their house, not CDs.
- astura 7y agoI don't believe that most high net worth households are that cash heavy. I have well over $250k net worth, the vast majority of our assets are in brokerage and retirement accounts. We have only $60k in cash.