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/biz/ - Business & Finance


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25738303 No.25738303 [Reply] [Original]

"Black millennials have very low levels of accumulated wealth, owning just $3,000 at the median. Hispanic millennials fared somewhat better, with $15,000, though not as well as White Americans of this generation, who had median wealth of $53,000, according to 2019 data from the St. Louis Federal Reserve."

how do you stack up, /biz/?

>> No.25738359

Nice. I have 8M in crypto.

>> No.25738366

I bought link at 17 cents.

>> No.25738467

>>25738303
how do they measure "wealth"? It literally doesn't mean anything if they don't tell you their metrics

net worth?

If so then I'm doing pretty good at 300k

>> No.25738506

Blacks and hispanics blow all their money on Jordans and financed luxury cars. What do people expect?

>> No.25738507

>>25738303
25k in cash, 35k in crypto, 3k in regular dividend stocks, and 80k in mortgage debt

>> No.25738533

Blacks and Hispanics blow all their money on stupid shit like Jordans and financed luxury cars. What do normies honestly expect?

>> No.25738546

>>25738507
>25k cash

just...why?

I made 8k in the past two months with just 20k of my stocks, why would you sit on that much cash? especially while the dollar has been falling, if you held that cash for the past 2 months you lost something like 20% of it's purchasing power.

>> No.25738634

>>25738303
>Black millennials have very low levels of accumulated wealth
Based

>> No.25738671
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25738671

I'm so fucked up I feel like joe biden.

>> No.25738720
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25738720

>>25738303
> blacks: a car
> Hispanics: 5 cars
> whites: a car and a down payment on a house.

>> No.25738806

>>25738720
> blacks: Jordans and a chain
ftfy

>> No.25738873
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25738873

>>25738806

>> No.25738914
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25738914

70k of assets 70k of student debt.

Feels abstract man.

>> No.25738936

>>25738467
I’m assuming they mean net worth, but honestly it’s probably a bullshit metric so they can say wypipo bad