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.
ScootsMcGoatI’d be interested to see the median net worth after removing the top 1%, but I can’t be bothered to Google it atm …
It’d have an effect, but not a large one — that’s why one uses median, rather than mean.