2 ms·
> Note that the median net worth of an American household is ~120k. Having a net worth of $120K doesn't actually mean you can easily pay an unexpected $1500 bi
by jrochkind1 5y ago
> Note that the median net worth of an American household is ~120k.
Having a net worth of $120K doesn't actually mean you can easily pay an unexpected $1500 bill. It might mean you have a house worth $100K and a car worth $10K and a retirement account with $10K in it, and just enough to cover your payments in the bank.
I know there are LOTS of Americans who can't easily pay an unexpected $1500 bill, but I don't know if it's more or less than than 50% of Americans, and median net worth doesn't really tell us.