Posted on 10/20/2023 1:06:01 PM PDT by Chickensoup
So, credit card debt increased too, so how is that possible?
I guess it depends on how many dependents you have, what your medical and other bills are, and a whole lot of things.
Net worth is totally different than annual salary. Anybody with a home with equity equaled to 114K are in this very narrow study. Heck I have almost 300K in equity myself. But don’t make even near 300K a year.
The numbers in our bank account increased but we can’t afford the things we used to buy all the time so no, our actual net worth declined.
“I DOUBT THAT YOU ARE IN THE MAJORITY”
You are correct. Most people are not capable of taking advantage of economic cycles/distortions to build wealth, even when everything is in their favor.
Yes, some of us have had a medical tragedy and subsequent cost and continued loss of income, exceeding any likely expectation.
> I DOUBT THAT YOU ARE IN THE MAJORITY
Well, I didn’t travel anywhere, cut waaaaay back on going out, basically just worked, biked for exercise, walked the dog, and banked paychecks.
And then got fired for declining to get the booster.
The savings came in handy.
Agree
In 2022, that number rose to $193,000.
Inflation turned into shark chum building back better in action.
BS is my take on this.... government propaganda.
Sure. “Average households” if you include the politically-savvy families who profited substantially from Big Pharma and the Big Ukraine War Machine.
Also, when you print money it takes a while for inflation to catch up. Once the US dollar is no longer the world’s reserve currency, inflation will come in like a giant tidal wave.
Except those households whose breadwinner got fired because they wouldn't submit to the vax.
Mere collateral damage that no one is talking about.
But yeah, we all did FABulous!
Terrible, and hopefully rare. But, comebacks happen!
Yep. No nights on the town with music and booze
Half as much makeup (women)
Less shaving equipment (men)
No pro hair care
More cooking at home
Fewer trips to doctors or dentists
Fewer rapidly-outgrown school clothes for the kids
Fewer work clothes or dry cleaning for adults
Fewer spontaneous purchases
DIY projects increased value of house
Really? This is such horseshit. I took at least a 20% hit in investments and at least another 20% in inflation. This report is pure BS just by inspection. More of the same lies and damn lies!!!!
Lol!
The numbers in our bank account increased but we can’t afford the things we used to buy all the time so no, our actual net worth declined.
.....
Yep
The government is operating a ministry of propaganda.
The value of my home increased significantly during the pandemic. Could this be part of the growth?
Which means if you sell your home, you'll have to pay more for the new house, which means your wealth really didn't go up at all.
So that taxes, fees and inflation can wipe it out and reduce
everyone’s net worth except the corrupt politicians.
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