3 ms·
Did they count their liabilities? If I "owned" a million dollar home that I own more than a million dollars on, I'd be a millionaire too otherwise.
by andrewclunn 2y ago
Did they count their liabilities? If I "owned" a million dollar home that I own more than a million dollars on, I'd be a millionaire too otherwise.
- bhaney 2y agoFrom the UBS report, page 33: > Net worth or “wealth” is defined as the value of financial assets plus real assets (principally housing) owned by households, minus their debts.