The Percentage Of People With No Wealth Outside Their Home Is Sad

It’s hard (for me at least) to comprehend this. I look at the data on how Americans spend their money. I look at all the spending on non-necessities.

Yes, it is sad.

by Financial Samurai

I recently stumbled across a fascinating chart by Deutsche Bank highlighting that more families than ever before have ZERO or NEGATIVE non-home wealth. In other words, roughly 30% of households have no 401k, no IRA, no after-tax investment account, no private equity investments, no venture debt investments, no nothing beyond the value of their primary residence!

Source: The Percentage Of People With No Wealth Outside Their Home Is Sad

2 comments

  1. Although I am blessed with having wealth other than my home’s value, I have no trouble believing the 30% statistic. Looking at this tax-ridden state, and predatory politicians, its a wonder that it isn’t much higher.

    Like

  2. Not surprised. I can’t believe the number of people who retire with a mortgage payment. Then again, if the big banks can be bailed out, why not me? I am glad I do not live like that.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s