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nwellnhof | 2 months ago

It's even more than the bottom 5% if you only look at the US. 13 million or 10.4% of US households have negative net worth according to [1]. I've seen articles claiming that the bottom 15-25% of US Americans have negative net worth. So I am richer than all these households combined. Technically true, but completely misleading.

[1] https://finance.yahoo.com/news/13-million-american-household...

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EE84M3i|2 months ago

This is really surprising low to me. Does it perhaps exclude mortgages on primary domiciles?