[fsckboy]

>> For most of the population, their actual worth is stored in their human capital.

> What does that even mean?

for a person with no savings, i.e. no investments, it means that income from their wages is all the income they have.

if you have $500,000 invested in the stock market, you would expect income on average to be 7% of that per year, or $35,000. It's a nice boost to your income, but probably not enough to quit your job. If you job also paid you $35,000 a year, we could say that 50% of your worth is in your human capital because your wages are half of your income stream so it's pointing out an equivalency between an investment that returns $35K a year and a job that returns $35K a year. Other than literally being a value judgement, it's not a value judgement.

[lapcat]

> it means that income from their wages is all the income they have.

That's clear enough, but income, regardless of source, is already figured into net worth.

Whereas the OP seems to be talking about net worth being a bad measure, and instead there's some amorphous "actual worth" that's "stored" somewhere (obviously not in a bank account or other investment).