Posted on 07/26/2014 9:42:47 AM PDT by quesney
I still notice a whole bunch of new cars being driven everywhere.
The subtle message in the article is class warfare so typical of Leftists.
A 300K house with a 280K mortgage = 20K net worth
50K student loan debt, 30K car note, 10K in bank and 20K house equity is a negative net worth.
They don’t usually have reader comments at all on Saturday afternoons, since no moderators are working and there is no one to review the comments.
This is one of the drawbacks of pre-moderation.
36% less of a more worthless dollar...
bump
My home is water front on Galveston Bay, it is worth maybe 200k, your 300k is BS.
You could just politely disagree.
I don’t want this scourge either.
You obviously don't understand the concept of average. Thus, some will be above $300k and some will be below. Yours happens to be below the average.
You sound bitter because your home is only worth $200k. Don't be jealous of others who do better with their properties.
Opps. Thought this was a different thread where I responded to you. My fault.
Because lots of people don’t own homes, lots have zero or negative equity in their homes and don’t save a dime.
He’s a Socialist (or a variation thereof) so what do you expect? Why does everyone pussyfoot round this issue?
This is data for households — which includes young singles living alone who are scraping by on several part-time jobs and have no real assets, single mothers with children on the dole (likewise on the asset front), each counted as a household, the same as a well-off couple with two children — and is about net worth, not cash-flow, so mortgage balances count against the value of a home, and student loan balances count in the minus column. A newly minted brain surgeon fresh out of surgical residency might be bringing in $300K a year, but still be in the bottom half of the household net worth statistics due to student loan balances and a mortgage.
I thought the debt was $17.5T.
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