/biz/ - Business & Finance

>>52999954
source.. my ass

>>52999954
What is it for 21 year Olds

>>52999954
Half of everyone over age 35 is a millionaire. Wow! I need to start hanging out at senior homes

>>52999954
>look at this screenshot of an excel spreadsheet I made up. Trust me, it's real guys!
Kek

>>53000024
It just speaks to how little a million dollars is these days

Fake

>>52999954
yet most americans live paycheck to paycheck and don't have enough savings for a $500 emergency
really makes u think, doesn't it?

>>52999954
I'm 26 and stagnant at just over 100k can't imagine i hit more than 300k by 29

>>52999954
Man, I thought I was doing bad until I saw this. How the fuck is the 30-34 bracket so low income??

We're literally the perfect age to have experienced and understood every single btc bull run. We even got the practice bull run in 2013 to warm up to cycle theory, and make our first post-college pay cheques go to work.

I refuse to believe my age bracket is that poor on average.

Lol at the idea of 50th percentile in any age bracket is even $1 million dollars. Guessing to the extent this is real at all it's age bracket of certain degree program graduates or industry.

>>52999954
This probably includes the current/former value of houses purchased on credit, a much smaller number of people have even a tenth of that liquid.

>>52999954
Is that like Pesos or something?

>>53000399
Anon, the USD basically is a peso at this point.

>>52999954

What is really depressing is I am still in the 99% bracket even with these troll numbers.

I think I need to retire.

>>53000228
I'm 34 and my net worth is like 5k. Most of this being my shitty car falling in pieces.

>>52999954
Is this including the combined value of my bodily organs?

If data is valid, that’s like average and not median. One musk averages out like half a million bums.

>>52999954
fake

>>52999954
i can tell by the pixels that this is real

>>53000228
I'm 27. Had a quarter of a mil, but basically lost it all due to green

>>53000725
Damn. I was 96th percentile for a brief window
I technically could have retired too if I left my alts alone in 2018 instead of selling them for btc. Also leverage destroyed me

I had to make an account saying this is full of shit because most people who would report their income are most likely doing well. Those who aren’t would stay silent. Eat shit reeee

>>52999954
Apparently I'm above the 99th percentile for my age range. Cool, I guess.

>>52999954
What is percentile? Some kind of sex thing?

>>53000843
How fucking young are you?

the average networth for 20 year olds in the USA is about 15 million dollars.this is fud

Doubt this includes debts, otherwise the next worth would be negativ for most

holy shit should i not be investing? i didnt know they were different i just thought pretentious fags said percentile
t. apparently retarded "engineer"

34
unemployed, was bio sci researcher
800k cash
400k in stocks and crypto
1.8m house
400k debt

lost 800k in Terra crash

>>53001122
>"researcher" with 2mil networth in mid-30s.
bullshit.

>>53001244
the key word here is "crypto", not "researcher"

>>52999986
21 year olds is median 150k
Sorry you weren't born American

>>52999954
not nice to make people want to kts before christmas
this is the real one

>>53001712
>pretending anyone cares about europoors

demoralization thread

>>53002269
Sad part is that I was within these stats exactly one year ago. Not now though. Thanks Biden

>>53001014
did you skip stats? every comp sci program worth its salt sends the kids to stats 501 for their undergrad degree. would have thought the engineering programs did the same.

>>53000725
Anything below $16,161,058 is poverty tier.

>>52999954
everybodies richer than me

>>53000168
housing and retirement funds

>>53002269
you're not in the 50th percentile? so what? that's not "demoralizing," that's just you suffering envy.
morals are when you adhere to an ideological principle that is not changed by the facts of the world, and which makes you a better person for adhering to it, and which is is predicated on the fundamental beliefs of a true religion.
demoralization is when you lose your conviction and waver in actions consistent thereof. if "having less money" causes that for you then you aren't very principled and it's questionable whether you had any morality in the first place.

>>53000483
if this is true its pathetic

>>53000483
That's about right. Most people under 30 are just worth a car. Most people over 40 are worth a house and a car, and that's about it. Not much in savings.

>>53000717
>He doesn't know how percentiles works
Its probably fake but you're a retard.

>>52999954
So I'm supposed to believe half of people over 50 are multi millionaires? What retard made this chart

>>52999954
and theres americans that call themselves poor

>>53000168
if americans say they are poor i just assume that they are lying. overspending is the only way to run out of money in a country where everyone gets $100k starting

>>53000483
well im median for someone 15 years older than me so thats OK i guess

>>53000024
>>52999972
you can literally walk up to anyone in the street and they will be broke and in debt. even people in milliondollar homes

>>53000742
>due to green
Damn how can you smoke that much fucking pothead

>>53000725
>98th percentile
feels good but I'll be moving to the next bracket in a few months and will drop to 95th percentile :(

>>53001712
>not nice to make people want to kts before christmas
>this is the real one
90th, I'll be collecting my bronze medal.

>>52999954
[citation needed]

>>52999954
>Muh totally real spreadsheet!
Hope Santa puts a bag of coal up your ass

>>52999954
FAKE NEWS

https://www.cnbc.com/select/average-net-worth-of-americans-ages-65-to-74/

>>52999954
this chart only applies to crypto.

>>53001712

>>53004598
That's more like it.

>>52999954
maybe if you move one decimal to the left

>>53002771
net worth = assets - debts

>>53000228
I had $300k during the bullrun but got obliterated because I kept myself exposed. Probably have between $60-90k now.

>>53000725
that seems about right.

>>53001014
read up on statistics. this is gonna sound retarded but standard deviation blew my mind once I really understood what it meant. pretty much every market stat is a standardized value

>>53004598
Thank you, Anon. I feel much better now. We're all gonna make it, friends.

>>53002509

most millennials have 50k+ of negative net worth to work through during their 20s because of student debt

>>53004598
If median net worth and average net worth are this low, I think I'm gonna make it.

>>53004598
When the housing market pops the median net worth of 35-54 is literally going to go into the negatives. My retard mom bought a piece of shit house in the middle of nowhere for 400k after her dad passed away that should only be worth 100k tops because she bought it on a whim in 2021 if these rate hikes keep going. Doesn't even live there. I hate real estate so fucking much it's unreal.

>>53008734
>When the housing market pops

not happening

fed doubled rates, everyone got their ass handed to them in stocks/crypto, and prices went down maybe 10% in bubble cities (phoenix/vegas)

>>53009717
>not happening
delusional.

>>53006918
The youngest millenial is 30something. You're talking about zoomers.