return2ozmaWhy do Americans pretend they're not broke when most Americans are in debt?
talI 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.
selokichtliYeah, but if you were younger than 35 in 2022, your net worth was 39,000 USD. It was already brutal, since society expects people to own, or at least rent, homes in their twenties. Now, I haven’t heard about things shaping up for younger people (quite the contrary), Trump’s dollars are less biggy and the clocking bomb in the form of inflation, they all paint a gloomy picture.