More accurate, but still not accurate considering how difficult home ownership is. Median is ~$192k, up about $55k in the last few years. Meanwhile, ~50% of the U.S. population makes less than $40k/year. While it’s possible a bunch of them bought homes cheap or inherited them then saw a massive growth due to the crazy housing shit, my bet is that close to 50% of the U.S. population has no more net worth than their car and whatever is in their checking account.
Maybe I’m wrong, but it seems that the wealth is so skewed that it’s really difficult to get a handle on how much money the average person has.
More accurate, but still not accurate considering how difficult home ownership is. Median is ~$192k, up about $55k in the last few years. Meanwhile, ~50% of the U.S. population makes less than $40k/year. While it’s possible a bunch of them bought homes cheap or inherited them then saw a massive growth due to the crazy housing shit, my bet is that close to 50% of the U.S. population has no more net worth than their car and whatever is in their checking account.
Maybe I’m wrong, but it seems that the wealth is so skewed that it’s really difficult to get a handle on how much money the average person has.