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Wilmanutsfitnurmouth t1_j6jc8jt wrote

Like you need to figure out how to use your money?

Or you need a loan?

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Aperture_CryGuy t1_j6jbmjq wrote

No, I don't think I will. I have over $3500 in my bank account right now and I won't give you a single penny. Shut up and die poor.

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MachuPichuUndergrnd t1_j6jbt9a wrote

You alright?

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Wilmanutsfitnurmouth t1_j6jci5t wrote

He’s in the top 10% of people in this world financially. I think he’s alright.

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bodydamage t1_j6jgf9s wrote

Only $3500 puts you in the top 10% worldwide?

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Wilmanutsfitnurmouth t1_j6jjhys wrote

If you have 0 dollars with no debt you are in the top 25% of America.

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bodydamage t1_j6jjpyy wrote

So you’re saying 75% of the US has negative net worth?

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Wilmanutsfitnurmouth t1_j6jnjgi wrote

77% of Americans have more than $60,000 worth of debt, so yes

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bodydamage t1_j6jo5be wrote

Debt is not the sole metric used for measuring net worth.

Net worth = assets - liabilities

Could have $150k worth of debt but if you have $400k worth of assets your net worth would be $250k

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Wilmanutsfitnurmouth t1_j6jpgef wrote

Facts but the number I gave you is not including mortgage that’s just debt.

It would be a lot more if I added mortgage debt, but that’s debt that can create money so I didn’t include it.

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bodydamage t1_j6jplxp wrote

A mortgage is a type of debt.

You can have tons of debt and still have positive net worth.

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Wilmanutsfitnurmouth t1_j6jvgpm wrote

No doubt. But I think it’s about 68% of Americans live paycheck to paycheck, so not many people have a positive net worth even in debt.

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[deleted] t1_j6kluhz wrote

[removed]

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Futurology-ModTeam t1_j6kps0o wrote

Hi, Shag0ff. Thanks for contributing. However, your comment was removed from /r/Futurology.

> > Licky you can speak so freely about having money in your bank account. I have a whopping 34 cents.🤣

> Rule 6 - Comments must be on topic, be of sufficient length, and contribute positively to the discussion.

Refer to the subreddit rules, the transparency wiki, or the domain blacklist for more information.

[Message the Mods](https://www.reddit.com/message/compose?to=/r/Futurology&subject=Question regarding the removal of this comment by /u/Shag0ff&message=I have a question regarding the removal of this comment if you feel this was in error.

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[deleted] t1_j6klves wrote

[removed]

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Futurology-ModTeam t1_j6kp90n wrote

Hi, Shag0ff. Thanks for contributing. However, your comment was removed from /r/Futurology.

> > Licky you can speak so freely about having money in your bank account. I have a whopping 34 cents.🤣

> Rule 6 - Comments must be on topic, be of sufficient length, and contribute positively to the discussion.

Refer to the subreddit rules, the transparency wiki, or the domain blacklist for more information.

[Message the Mods](https://www.reddit.com/message/compose?to=/r/Futurology&subject=Question regarding the removal of this comment by /u/Shag0ff&message=I have a question regarding the removal of this comment if you feel this was in error.

1