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/biz/ - Business & Finance

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56395819 No.56395819 [Reply] [Original]

Median net worth of those under 35 melted up ONE HUNDRED AND FOURTY THREE PERCENT in just 3 years, that’s MEDIAN, not average.

Looks like the “everyone else my age is making hundreds of thousands” posters were right, people really were making fucking BANK.

>> No.56395839

>Looks like the “everyone else my age is making hundreds of thousands” posters were right
no shit sherlock, inside every joke is a core of truth

>> No.56395981

>>56395819
>under 35
>net worth goes from 16k to 39k
>takes 4 years to jump 23k
>5.75k added net worth per year
>during one of the biggest bull runs ever
Holy shit it's nothing, and OP's mom is a whore. I'm 31 with 150k net worth and I'm basically a poorfag.

>> No.56395984

>>56395819
wow their net worth went from 50 to 120 dollars.

>> No.56396002

>>56395819
I went from roughly -3000 to half a million, all gone now

>> No.56396145

>>56395819
>OP is a low IQ nigger retard

first of all, here is the link, because you are clearly too much of a drooling niggermonkey phoneposting faggot RETARD to post it. https://www.federalreserve.gov/publications/files/scf23.pdf

secondly, they specifically say that it includes homes, which explains why <35 (who are poor and have considerably all of their net worth tied up in housing) saw such a rapid increase in net worth relative to the other age groups. so basically all of their net worth gains are paper gains, which are utterly reliant on credit availability supporting pumped valuations.

>> No.56396160

>>56395819
>networth quadrupled
>still barley affording the same quality of life
nice

>> No.56396192

>housing status
its over for rentoids
396k vs 10.4k

>> No.56396208
File: 126 KB, 480x351, 1694461046759284.png [View same] [iqdb] [saucenao] [google]
56396208

>>56396002
nice I did $20k to $600k and back to $30k now
at least Im still 50% ahead

>> No.56396223
File: 898 KB, 843x607, 1695679160166919.png [View same] [iqdb] [saucenao] [google]
56396223

>>56395819
>ONE HUNDRED AND FOURTY THREE PERCENT
>$0 * 1.43 = $0

>> No.56396245

>>56395819
What was everyone doing to make all that money?

>> No.56396255
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56396255

except that all of that increase is coming from speculation in housing markets and not tangible increases in quality of life or property owned

>> No.56396259

>>56396145
The median 35 and under American is a homeowner? Cope like the fucking pope you moron.

People have much higher net worths because they made more money at their jobs, got airdropped fedbux during the pandemic, and invested in cryptocurrencies and tech stocks during the bullrun.

>> No.56396275

>>56396259
do you have a legitimate adult learning disability?

>> No.56396400

>>56395819
look at the disparity between renters and home owners, wow

>> No.56396409

no one even read the information. The median net worth is $39k lol
Sums up how no one bothers to look into anything and just reacts on instinct.

>> No.56396438

It was probably the single greatest event for my personal wealth yet, I turned $1,000 into $30,000 with GME and then I took a boomers job and went from making $25-30k to $80k/year, plus the government gave me $2600 free to pay off debt with. Shit was pretty insane

>> No.56396462

waiting on that dollar collapse. any day now

>> No.56396468

>>56396255
This.

NW is bullshit

>> No.56396470

>>56396400

the last four years have been a massive buttfucking for rentoids

>> No.56396473

>>56395819
This is why Gen A is gonna think this generation acts more entitled than boomers but worse because you all self victimize

>> No.56397555

>>56395819
That was actually cash melting down. Adjusting for inflation, everyone is poorer.

>> No.56397975

>>56396473
Yep.

>> No.56398469

>>56395819
im kindof surprised to see that the 90th percentile net worth is 6 million dollars
that is absurd...

>> No.56398492

>>56395819
also, this is basically an advertisement for why
>>56395167 is the place to be right now
(especially considering housing is in these numbers)..

>> No.56398552
File: 135 KB, 460x460, 1697216058956984.png [View same] [iqdb] [saucenao] [google]
56398552

>>56395819
>Everyone got rich during the scamdemic
I didn't. Wtf?

>> No.56398560

>>56395981
29 here with a 120k CAD net worth, it's all over for me now

>> No.56398737
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56398737

>>56395819
My net worth went up almost 10x from 4th quarter 2019 to peak of 2021. That's to be expected with the way crypto, stocks, properties, etc exploded in value. Only the NEETs and retards sitting on cash this whole time missed out

>> No.56399270

if you were in crypto in 2019 until 2022 and didn't keep holding old 2017 cycle alts you'd have done a lot better than 2.5x

>> No.56399349
File: 6 KB, 220x221, 1640225753811.jpg [View same] [iqdb] [saucenao] [google]
56399349

Just so you know, huge percent changes are easy with smaller base numbers.

>> No.56399397

>>56395819
We printed 80% of our money supply since the Pandemic. OP. Inflation.

>> No.56400245

>>56396192
kek this