Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Senior Citizens net worth
According a report released by the census bureau on Mon--the average household headed by a person over 65 has 47 times more wealth than a household headed by a 35 year old
Makes you wonder who should be getting age related discounts--looks like fixed income , won't float |
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#2
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I don't understand what the census bureau is trying demonstrate with this. Most young people are still paying off their home, raising kids, student loan and paying the bills. Big Duh here, naturally someone over 65 will have more wealth because their home is paid off, their savings/investments have grown over the years, and they aren't raising kids. Just more class warfare garbage.
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#3
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Sounds reasonable to me.
At age 35 my mortgage was nearly equal to my assets. Net zero. |
#4
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Quote:
Age of Householder Net Worth Less than 35 years $8,854 35 to 44 years 57,600 45 to 54 years 104,300 55 to 64 years 178,300 65 years and over 201,500 65 to 69 years 197,500 70 to 74 years 218,200 75 and over 193,600 |
#5
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Where did the census bureau get this information? As far as I know no governmental body knows my net worth. The IRS knows my taxable income but the census bureau should not be able to access my IRS information.
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#6
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Most folks start out with little as young adults. It takes time and the power of compound interest to build net worth. Whether the number is twenty or two hundred times does not matter. Too, many Baby Boomers inherited a lot and their children should inherit more as the economy has grown since WWII.
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#7
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Agree, doesn't pass the sniff test. Here is 2016: Wealth, Asset Ownership, & Debt of Households Detailed Tables: 2016
__________________
Identifying as Mr. Helpful |
#8
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#9
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__________________
Men plug the dikes of their most needed beliefs with whatever mud they can find. - Clifford Geertz |
#10
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We might all be surprised if we knew what the government (or corporate America) knows about us.
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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#11
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#12
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There are some lower priced homes on the “Historic Side”.
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#13
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That may apply to married couples with 2 incomes but when you lose your spouse and 1/2 of your income, it is very hard to make the money stretch far enough.
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#14
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Good on you. My personal story is similar. I started working part time bagging groceries at 14. Although I inherited very little many of my contemporaries have inherited meaningful sums. |
#15
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Agree
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Closed Thread |
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