Reply to The 1% in the household income and net worth distributions in the US in 2020

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Interesting. We are easily over the 1% hurdle for income, but barely at the 2% hurdle for net worth (and that assumes net worth includes RE equity, which isn't liquid). It's definitely a lot harder to build up net worth.[/quote]

Surely I won't be the first person to point out that if your HHI is that high, it really should not be that hard to build up net worth. You might have to choose between an enormous house and putting money away/investing it. But if your HHI is over 500k and you are struggling to build net worth, you have made a serious of very stupid financial choices.

It's actually incredibly hard for people to build net worth when they can't afford to buy real estate or simply do not make enough to set aside savings. That's not you.[/quote]

I think you missed the point a bit. We are over the 2% hurdle on net worth, in the $7-7.5m range. So it's not like we haven't saved anything. But getting to $11m, which is the bottom of the 1% net worth level, would be a stretch. That's kind of the point of the whole article - that net worth is a better indicator of wealth than income.[/quote]

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