3 ms·
It's even more than the bottom 5% if you only look at the US. 13 million or 10.4% of US households have negative net worth according to [1]. I've seen articles
by nwellnhof 10mo ago
It's even more than the bottom 5% if you only look at the US. 13 million or 10.4% of US households have negative net worth according to [1]. I've seen articles claiming that the bottom 15-25% of US Americans have negative net worth. So I am richer than all these households combined. Technically true, but completely misleading.
[1] https://finance.yahoo.com/news/13-million-american-households-negative-160705078.html https://finance.yahoo.com/news/13-million-american-household...
- EE84M3i 10mo agoThis is really surprising low to me. Does it perhaps exclude mortgages on primary domiciles?