alt Hacker Newsaverages strike again.
Median wealth in the U.S just around $100k - see Wikipedia & other databases.
how many people own houses ? & for those people that own houses - average equity in those houses is less than 45%.
ain't no factoid - but lived reality of most people. maybe on the coasts where techies and finance bros live - but the rest of america is facing a bleak financial reality.
Replies
dzonga • yesterday at 9:55 PM
actually per UBS [0]: Median Wealth in the US is $68K. Almost neck in neck with median income.
[0]: https://www.ubs.com/global/en/media/display-page-ndp/en-2026...
> averages strike again.
My comment said "median" explicitly
The number was for household wealth. I think you're looking at individual wealth, which would naturally be lower because it's spread across more people.
Source: https://www.federalreserve.gov/econres/scf/dataviz/scf/table...
The average (mean) is closer to $1 million per family, but that's not a useful number.