Submitted by CupNegative5967 t3_10paina in Futurology
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Comments
[deleted] t1_j6j8f0c wrote
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[deleted] t1_j6j8lwt wrote
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DressPsychological88 t1_j6jav1k wrote
Check Kiva iirc they do micro loans in those countries
[deleted] t1_j6jaw4v wrote
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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.
[deleted] t1_j6jbt23 wrote
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MachuPichuUndergrnd t1_j6jbt9a wrote
You alright?
Wilmanutsfitnurmouth t1_j6jc8jt wrote
Like you need to figure out how to use your money?
Or you need a loan?
Wilmanutsfitnurmouth t1_j6jci5t wrote
He’s in the top 10% of people in this world financially. I think he’s alright.
[deleted] t1_j6jeccd wrote
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bodydamage t1_j6jgf9s wrote
Only $3500 puts you in the top 10% worldwide?
HighLuna_ t1_j6jhq3n wrote
You would be far worse than top 55%
55% of adults globally share 1% of the globes wealth. (Net worth < $10,000 USD)
1% of adults globally share 46% of the globes wealth. (Net worth > $1,000,000 USD)
bodydamage t1_j6ji8ou wrote
Only takes $1,000,000 USD to be in the top 1% globally.
That’s wild.
Wilmanutsfitnurmouth t1_j6jjhys wrote
If you have 0 dollars with no debt you are in the top 25% of America.
bodydamage t1_j6jjpyy wrote
So you’re saying 75% of the US has negative net worth?
Wilmanutsfitnurmouth t1_j6jnjgi wrote
77% of Americans have more than $60,000 worth of debt, so yes
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
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.
bodydamage t1_j6jplxp wrote
A mortgage is a type of debt.
You can have tons of debt and still have positive net worth.
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.
bodydamage t1_j6jwj40 wrote
Even the 25th percentile for net worth in the US was $12,000 as of 2020
Meaning 75% of households have a net worth in excess of $12,000
[deleted] t1_j6kluhz wrote
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[deleted] t1_j6klves wrote
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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.
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.
[deleted] t1_j6j8dkj wrote
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