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by kube-system 295 days ago
That doesn't seem unreasonable to me. Any middle-class boomer who was planning to retire and paid off their mortgage can expect to be in the 7 digits of net worth.

Net worth is a weird number for many people to interpret because it is pretty intangible -- most can't cash it out.

1 comments

A lot of boomers are sitting on 7 figure homes that they refuse to downsize from that’s adding to their “net worth”. Most of these homes are in disrepair and need six figure upgrades before they are even up to code, but on paper they’re all millionaires.