@SeattleRainM to Housing Bubble 2: Return of the Ugly English • 6 months agoAmericans 55 and older grew their overall assets to a record $114 trillion by the end of 2023—nearly 70% of all households’ wealth, per WSJ. ...imagemessage-square10arrow-up151arrow-down12
arrow-up149arrow-down1imageAmericans 55 and older grew their overall assets to a record $114 trillion by the end of 2023—nearly 70% of all households’ wealth, per WSJ. ...@SeattleRainM to Housing Bubble 2: Return of the Ugly English • 6 months agomessage-square10
minus-square@reddig33linkEnglish24•6 months agoPay no attention to the concentrated 10% wealth at the top. Let us distract you by telling you the problem is your next door neighbor trying to pay off their mortgage instead. https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/
minus-square@jpreston2005linkEnglish5•6 months agoah, 10% of people own 67% of all wealth in the US. 33 million people hold close to 70% of all US wealth, while 300 million share the other 30%. While the bottom 50% of earners, collectively, hold 2.5% of all U.S. wealth. 176 million Americans, all attempting to survive on 2.5%. fun stuff.
minus-square@TubularTittyFroglinkEnglish2•edit-26 months agomost of my neighbors are the top 10% and paid for their homes with seven figures in cash and from from inherited wealth. I’m the top 20%. and paying my mortgage
minus-square@SeattleRainOPMlinkEnglish0•6 months agoWe’re specifically talking about housing. So yes the most homes are owned by Boomers that use them as investments.
Pay no attention to the concentrated 10% wealth at the top. Let us distract you by telling you the problem is your next door neighbor trying to pay off their mortgage instead.
https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/
ah, 10% of people own 67% of all wealth in the US. 33 million people hold close to 70% of all US wealth, while 300 million share the other 30%.
While the bottom 50% of earners, collectively, hold 2.5% of all U.S. wealth. 176 million Americans, all attempting to survive on 2.5%.
fun stuff.
most of my neighbors are the top 10% and paid for their homes with seven figures in cash and from from inherited wealth.
I’m the top 20%. and paying my mortgage
We’re specifically talking about housing. So yes the most homes are owned by Boomers that use them as investments.