• Ross_audio@lemmy.world
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    9 months ago

    Net worth includes all asset value. Pensions, investments, and property.

    That seems about right to me. A lot will be tied up so liquid assets will be lower.

    The 50% upwards middle class being $400,000 will mostly be the value of a house.

    Very annoying they just specify “average”. I’d expect this data to be based on the median values so it should just say.

    • AbsurdityAccelerator@lemmy.world
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      9 months ago

      Even with the value of your house and 401k, it’s still very hard to believe. I just did a quick Google search and the 90th percentile in 2001 is 1.6 million, which seems more accurate.