Why do Americans pretend they're not broke when most Americans are in debt?

https://lemmy.world/post/34514071

Why do Americans pretend they're not broke when most Americans are in debt? - Lemmy.World

Lemmy

I mean, it depends on what you mean by that. Anyone who has a credit card is going to have debt, just by virtue of needing to pay the bill.

But if you mean “most Americans have a negative net worth” — taking into account assets and debts — most Americans have a positive net worth.

kiplinger.com/…/average-net-worth-by-age-how-do-y…

The median net worth of all Americans in 2022 was $192,900.

Average Net Worth by Age: How Do You Measure Up?

Have you surpassed the average net worth of your peers? Get tips from financial advisers on how to grow you wealth over time.

Kiplinger
Oops, dad got sick, time to sell the house
You have a house?
Right? Who the fuck has a house?
I do, but I bought it used.
I know you’re joking but I’d much rather buy a very used house than a house made today. At least in the US seems like houses from 20-40 years ago are solid but everything made in the last 5-10 years absolute paper mache dog shit.