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by 1_person 1870 days ago
https://www.visualcapitalist.com/visualizing-net-worth-by-ag...

ok?

1 comments

You source shows boomers with a median net worth of around $266,400. That's really not much to have accumulated over the course of 40+ years of work.

That's roughly equivalent to putting away $150 a month.

Do you think it's also fair to describe $266,400 as "much larger than" $13,900?

Do you think $266,400 will buy a house?

Do you think $13,900 will buy a house?

I understand that you can divide $266,400 over any interval that's convenient, but I don't see how that relates to my point or the facts.

Obviously someone who has been working over 30 years less than someone else has significantly less money than them? Do you think the people in the 65-74 age group had the same $266,400 median when they were in the under 35 age group? Of fucking course not, that's idiotic.