The most prestigious law school admissions discussion board in the world.
|
 |
 
|
1 in 7 white households have $1M net worth. U post
Poast new message in this thread
Date: March 22nd, 2018 10:18 PM Author: Splenetic Naked Athletic Conference https://www.washingtonpost.com/news/wonk/wp/2017/10/03/white-families-are-twice-as-likely-to-be-millionaires-as-a-generation-ago/?utm_term=.e42043bd2ced
|
 |
Date: March 22nd, 2018 10:25 PM Author: Aphrodisiac nofapping nursing home Subject: Win thi$ http://www.megamillions.com (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665873) |
|
Date: March 22nd, 2018 10:43 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666091) |
|
Date: September 30th, 2018 10:35 PM Author: bearded swollen whorehouse (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36930010) |
|
Date: March 22nd, 2018 10:28 PM Author: chocolate theatre black woman Cops don't make that much starting (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665911) |
|
Date: March 22nd, 2018 10:47 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666135) |
|
Date: March 22nd, 2018 10:57 PM Author: arousing french chef that's poverty wages in that city (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666235) |
|
Date: March 22nd, 2018 10:59 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666262) |
|
Date: March 23rd, 2018 11:19 AM Author: magical bawdyhouse marketing idea lol...you jumped directly from the #1 most expensive US metro to the #2. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669415) |
Date: March 22nd, 2018 10:19 PM Author: beady-eyed tanning salon old irish cottage Poasting was the only reason that Peterman was able to achieve that. What say you to that (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665816) |
|
Date: March 22nd, 2018 10:24 PM Author: appetizing hospital Its mostly white baby boomers rofl (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665866) |
|
Date: March 22nd, 2018 10:27 PM Author: Canary friendly grandma menage I guess that's ok for their children as they can give them money and pass it on... unless you have a lot of brothers and sisters, then ur fucked. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665899) |
|
Date: March 22nd, 2018 10:32 PM Author: Adulterous weed whacker lmao boomers booming it all away
|
|
Date: March 22nd, 2018 10:35 PM Author: Canary friendly grandma menage is that why they are called boomers? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665992) |
|
Date: March 22nd, 2018 10:35 PM Author: Honey-headed Church (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665993) |
|
Date: March 22nd, 2018 10:36 PM Author: appetizing hospital (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666005) |
|
Date: March 22nd, 2018 10:45 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666110) |
|
Date: March 22nd, 2018 10:31 PM Author: Aphrodisiac nofapping nursing home http://www.megamillions.com (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665939) |
|
Date: March 22nd, 2018 10:45 PM Author: Avocado pungent new version (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666108) |
|
Date: March 22nd, 2018 10:46 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666123) |
|
Date: September 30th, 2018 10:18 PM Author: Insanely creepy pit dragon (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929925) |
|
Date: March 22nd, 2018 10:31 PM Author: amethyst indirect expression Wealth should not include equity in a primary residence. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665938) |
|
Date: March 22nd, 2018 10:32 PM Author: chocolate theatre black woman (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665948) |
|
Date: March 22nd, 2018 10:32 PM Author: Multi-colored dark mental disorder milk (does not live in NYC/LA/SF) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665952) |
|
Date: March 22nd, 2018 10:35 PM Author: amethyst indirect expression You need to live somewhere, so home equity is not a lump of investable cash. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665986) |
|
Date: March 22nd, 2018 10:36 PM Author: Canary friendly grandma menage if you live in a 2M home in NY then move to FL for retirement, it basically is. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666002) |
|
Date: March 22nd, 2018 10:55 PM Author: galvanic ocher trump supporter sure it is. can’t i remortgage the equity and continuously reinvest it in equities? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666201) |
|
Date: March 22nd, 2018 10:58 PM Author: amethyst indirect expression What could go wrong? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666252) |
|
Date: March 22nd, 2018 11:02 PM Author: galvanic ocher trump supporter yes, upside is generally accompanied by risk in modern financial markets. and therefore...you actually can’t reinvest the value represented by the equity in your home? cmon man. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666298) |
|
Date: March 22nd, 2018 11:26 PM Author: amethyst indirect expression Because if the market tanks you could be underwater on your home. And if everyone does what you say then that will happen much sooner. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666551) |
|
Date: March 23rd, 2018 11:18 AM Author: hot stead queen of the night If the market tanks your stocks could lose value. If runaway inflation happens your cash could lose value. A lot of things could make your net worth decrease, but that doesn't mean it's *not* net worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669407) |
|
Date: March 22nd, 2018 10:57 PM Author: Multi-colored dark mental disorder milk i do give some credit to the idea of marking home equity, 401K, 529, etc., to 0 in net worth calcs. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666239) |
|
Date: March 22nd, 2018 11:20 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666488) |
|
Date: March 24th, 2018 1:29 AM Author: gold bossy preventive strike multi-billionaire Everything other than home equity should count. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35675987) |
|
Date: March 22nd, 2018 11:25 PM Author: hot stead queen of the night Wealth =/= investable cash
Also, unless you live in a shack, you can sell your house and live somewhere cheaper. |
|
Date: March 22nd, 2018 11:30 PM Author: amethyst indirect expression Just sell your house and live somewhere cheaper when it pulls your kid out of a good school district. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666603) |
|
Date: March 23rd, 2018 10:50 AM Author: hot stead queen of the night So? Spending your money means you can't use it on other things. That doesn't mean it's not part of your worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669201) |
|
Date: March 23rd, 2018 11:23 AM Author: Burgundy Circlehead (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669459) |
|
Date: March 23rd, 2018 11:19 AM Author: hairraiser hell feces not everyone lives in mom's basement forever (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669416) |
|
Date: March 22nd, 2018 11:24 PM Author: hot stead queen of the night Why not? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666528) |
|
Date: March 22nd, 2018 11:28 PM Author: amethyst indirect expression You almost certainly have familial and emotional obligations that make primary residence equity less fungible than, say, a stock portfolio. Primary residences are not simply another asset class. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666586) |
|
Date: March 23rd, 2018 11:23 AM Author: Burgundy Circlehead i see what you're saying, but an asset being illiquid -/-> you don't count it in your net worth. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669456) |
|
Date: March 23rd, 2018 12:07 PM Author: hot stead queen of the night I think that can be true for a lot of assets (cars, jewelry). There are other qualities that make assets more or less fungible, but I don't think they should be excluded from net worth (unless you're going to totally redefine what it means).
Maybe some other classification (easily investable worth?) makes sense. |
|
Date: March 22nd, 2018 10:32 PM Author: Adulterous weed whacker how is this possible, i thought an absurdly low number of boomers had even like 10K saved for retirement (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665947) |
|
Date: March 22nd, 2018 10:34 PM Author: amethyst indirect expression Average wealth is >$900k, median is <$300k.
Rich outliers skew the numbers. |
|
Date: March 22nd, 2018 10:34 PM Author: appetizing hospital (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35665984) |
|
Date: March 22nd, 2018 10:39 PM Author: passionate poppy goyim Median is 170 according to the article. Still sounds high to me. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666035) |
|
Date: March 22nd, 2018 10:49 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666142) |
|
Date: September 30th, 2018 10:23 PM Author: yellow hall police squad 170 is high?
JFC none of you people live in New Jersey. |
|
Date: March 22nd, 2018 10:36 PM Author: Underhanded community account property rich, cash poor (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666001) |
|
Date: March 22nd, 2018 11:22 PM Author: Topaz Chest-beating Senate (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35666511) |
|
Date: March 22nd, 2018 10:37 PM Author: Canary friendly grandma menage it wouldn't surprise me if both were true.
I could see 1/7 people having 1M in assets.
I could also see 4/7 having less than 100K in assets. |
|
Date: March 22nd, 2018 11:25 PM Author: brass swashbuckling crotch didn't click but has to be including their home values tons of boomers in CA and east coast are "millionaires" that way |
|
Date: March 23rd, 2018 11:20 AM Author: Pale address A bunch of them rode the housing bubble all the way: bought in Los Altos for 250k and are now sitting on a 2.5 million house (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669425) |
|
Date: March 23rd, 2018 11:09 AM Author: kink-friendly at-the-ready home white or (((white)))? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669323) |
|
Date: March 23rd, 2018 11:11 AM Author: Elite racy rigor pretty sure it's like 6/7 for (((whites))) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669338) |
|
Date: March 23rd, 2018 11:13 AM Author: Fear-inspiring Kitchen Hairy Legs I’m probably a paper millionaire including home equity (including wife’s claim on assets).
Problem is a lot of it is home equity that I can’t easily access.
I still feel poor as fuck and am constantly nervous about me or wife getting Lathamed.
I’m (((white))), so make of that what you will. |
|
Date: March 23rd, 2018 11:14 AM Author: Elite racy rigor If your wife works say *we*. You by yourself are not a paper millionaire. You and your wife are. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669360) |
|
Date: March 23rd, 2018 11:15 AM Author: Fear-inspiring Kitchen Hairy Legs Fair. I edited before I saw your post. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669374) |
|
Date: March 23rd, 2018 11:16 AM Author: Elite racy rigor This works very well where the couple is committed to staying together forever. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669394) |
|
Date: March 23rd, 2018 11:17 AM Author: Fear-inspiring Kitchen Hairy Legs Neither of us is from a broken home, at least. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669397) |
|
Date: March 23rd, 2018 11:14 AM Author: kink-friendly at-the-ready home So you probably have lots of Jew gold buried in the backyard then (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669361) |
|
Date: March 23rd, 2018 11:16 AM Author: Fear-inspiring Kitchen Hairy Legs I should go check. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669388) |
|
Date: March 23rd, 2018 11:15 AM Author: Mentally impaired pervert toilet seat damn among the xoxo cohort, like college educated whites and asians living in a top 15 population city and above age 40 i bet this number has to rise to like 1/4.
|
|
Date: March 23rd, 2018 11:19 AM Author: Mentally impaired pervert toilet seat other data: about 8% of households (calculated based on the 10mm millionaire figure assuming 125mm households) have $1mm in investable assets excluding home equity
https://www.cnbc.com/2017/03/22/record-number-of-millionaire-households-in-us.html |
|
Date: March 23rd, 2018 11:19 AM Author: Wonderful theater stage mad cow disease Is a million supposed to be a lot in 2018? That was a lot of money in 1985. It's nothing in 2018. I'm worth like $1.5 million. I still have to work. That amounting money just means if I get fired I can spend 6 months looking for a job instead of immediately selling a kidney or driving Uber. $5 million is the new $1 million just like 250k is the new $100k for a good salary. $100k now is nothing. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669420) |
|
Date: March 23rd, 2018 11:25 AM Author: Mentally impaired pervert toilet seat but tbf, $1mm gets you 30 years of $65k distributions assuming 6% returns.
So you already know you can retire at 65.
And you are young so if you can double that by 55 you probably could retire then (if OK to live on fixed income). |
|
Date: March 23rd, 2018 11:21 AM Author: hairraiser hell feces (guy who doesn't think 1 out of 7 xo posters are worth $1+ million) (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35669433) |
|
Date: March 23rd, 2018 3:13 PM Author: orchid histrionic box office yarmulke What percentage of households with members in their 30s have a net worth of 1 million? (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#35671593) |
|
Date: September 30th, 2018 10:17 PM Author: Splenetic Naked Athletic Conference (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929914) |
|
Date: September 30th, 2018 10:21 PM Author: yellow hall police squad A lot of Boomers are rich, news at 11. (http://www.autoadmit.com/thread.php?thread_id=3926199&forum_id=2#36929939) |