Thread 60763388

Normies think 100k in savings is a lot

it is

Because it is
For the umpteenth motherfucking time, the median net worth of someone in their 30s is $35,649

>>60763388 (OP)
>The average American family holds about $62,410 in transaction accounts, including savings and checking accounts, while the median balance is around $8,000.

>>60763392
No way this is true, the blacks and browns are dragging that down for sure. Aren't 10% of Americans millionaires?

>>60763388 (OP)
It's almost enough live off interest and be a NEET in a turd world country

>>60763402
Nigger
Of course you compare yourself to the median
The median is the only data point that matters
Society is built AROUND the median, AROUND the middle, AROUND the average

You don't compare yourself to a fucking trust fund baby

>>60763388 (OP)
Because for a normie, 100k is a lot. What don't you understand about that? Are you stupid?

>>60763405
There is a MASSIVE gap between millionaires and the rest of the country

People REALLY don't understand that America is a dystopian shithole for the vast majority of people

>>60763405
90% of that 10% are boomers and are millionaires because their homes appreciated to a million dollars from buying it 30 years ago for $75k

>>60763419
People dont understand percentages and statistics apparently.

>>60763442
Correct. One reason why JewSA is a shithole is everyone is retarded.

Why would I have 100k in savings? I have more than 100k in retirement accounts, I have more than 100k in home equity. I dont see the point in holding that much cash until im in 7 figure hell

>>60763452
Another good point.
You should have the bare minimum in cash, really.

A person who understands money has it tied up in investments
It's why net worth is a far better statistic

>>60763388 (OP)
almost every normie i know is under 10k in savings and some are borderline overdraft

>>60763452
i've always just assumed savings includes equity/assets, I think the average normie would call their 401k "savings".
after you save your first 10-20k you'd probably start getting into investing, like cash savings over 20k shouldn't even happen unless you're just slowly averaging into assets

>>60763392
>>60763405
Assuming "net worth" is calculating home ownership, vehicles and all assets, id believe that. Most people in their 20s and 30s are renters and lease vehicles instead of buying. Especially if theyre making good money in a city somewhere, theyre more than likely renting and may not even own a car.
As for the ones making less money in the rest of the country, they are also renters and also lease or own an old vehicle.
Most people in both classes of this age group aren't collecting assets, the money is getting sent to the people who own what they use.

>>60763519
How rare is someone that has 1 million USD liquid?

>>60763527
Extremely rare I'd assume. I'm no expert but I cant imagine any of my friends have anywhere near that, whether making 6 figures or not. Maybe by the end of their 30's it's possible, but imo it'd be silly to keep that liquid.
Cash depreciates, it should be generating income instead.

>>60763527
2.3% of U.S. adults have a million liquid,

>>60763545
That seems awfully low...

>>60763405
Retarded foreigner....

>>60763550
I'm telling you
Most people in this country

Are broke
As shit

>>60763562
So only 2.3% of Americans have a liquid net worth of a million, but if you count home equity, that percent jumps up to 10%...does this sound right?

40
$170k in tax deferred pension saving account
$270k in crypto, 90% of it btc
$25k physical silver and gold

I’m pretty optimistic about this, few have the balls to have that much bitcoin and I think it will cagr at 15% or better still

You?

>>60763527
No one because keeping 1 million USD liquid is stupid af

>>60763586
I'm similar to you. I didn't plan to have half my net worth in crypto, it just sorta happened.
I didn't buy physical silver or gold. What's the reasoning?

>>60763392
Considering it's the US, median is a far better metric to look at than average, as average gets skewed WAAAAAAYYYYYY up by the gazillionaire class.

>>60763590
What about 1 million liquid net worth (excluding primary home), not specifically 1 million cash.

>>60763590
Not really, stocks are considered liquid.

>>60763600
The physical metal thing was just a kick I was on years ago when silver was around $16 an oz. It’s only the recent rally that has made it a not-terrible investment. I’ve made many mistakes, including not just buying broad ETFs in a set and forget fashion

>>60763616
They are not, liquid would be something like short term treasuries. 1m in some microcap is hardly liquid

>>60763388 (OP)
one time my coworker was all excited and came up to me and showed me her phone
she said "this is the first time in my life i've had over $1000 in my bank account"
this lady was in her 50's I think

>>60763616
>>60763626
So how rare is it to find a dude that has 1 million worth of a stock/ETF?

>>60763618
Gold looks very expensive, but I'm still thinking it would be good to buy some. I'm not a goldbug.

stocks are considered liquid
investment accounts are indeed

Most people in america are not rich lmao
this is a lie you are being sold hardcore

>>60763405
What percentage of that 10% are liquid net worth millionaires? Not home owner millionaires.

>>60763639
E X T R E M E L Y rare.
Maybe not so much in fucking silicon valley or something, and even there probably on the top side.

>>60763651
I dunno dude...after all that money printing bullshit that has been happening for the past decade, I find it hard to believe that it is THAT rare to find a dude with 1 million networth via stock/ETF.

>>60763661
Brother.
5% of people actually understand money fully.
15% of people know something is wrong, but they cannot put their finger on it/figure it out.

80% of people don't even know what the FED is. They know shit from fuck about money.

>>60763671
If it's that rare, why do anons post that "1million is literally nothing nowadays" on biz? Is it just some kind of meme?

>>60763680
Millionaire net worth is top 10%
3 million is top 5%
10 million is top 1%
So you can see how being a millionaire doesn't feel that special anymore. It's still enough money that if you invested it you could live without working in most places, but you wouldn't live in luxury.

>>60763695
>Millionaire net worth is top 10%
Is it still 10% if you exclude primary residence?

>>60763680
>you actually fell for the demoralization pepe
OF COURSE a million is a shitton of money bro

This is why you have to ACTUALLY learn money and what's going on, otherwise you're going to genuinely fall for bullshit

>>60763700
No, that's net worth.

https://www.forbes.com/sites/jackkelly/2025/04/22/what-net-worth-puts-you-in-the-top-1-5-and-10-of-americans/

>>60763388 (OP)
>Normies think 100k in savings is a lot
it is a lot when 50% have zero savings

>>60763626
>in some microcap
If you have 1m in stocks it's almost never in some microcap

>>60763727
It was just an extreme example, if you own anything outside the mag 7 you probably cant market sell 1m and have your money instantly, so its not liquid

>>60763405
Oh, it's true.
>"Look at all these service jobs!"
>"Why doesn't anyone have money?"
The sickest joke by the American elite is that they want you to fight to the death with other poors and suck dick for the OPPORTUNITY to be middle class. Financial engineering has destroyed sound economics, it's not like Americans have nothing to do either, roads need to be paved, food quality needs to increase, etc.

The reason all Americans over the age of 25 aren’t millionaires is meme degree student loans, car loans, premature pregnancies, getting kicked out by boomer parents at 18, and being too scared/stupid to invest

They have the highest salaries in the world with very low taxes. It’s easy as god damn fuck to just put half your monthly paycheck into investments (full time will be at least 1k a month working some crap job and 2-3k getting into a decent one

Even if you work at Walmart at 18 by the time you’re 25 you’ll be making at least 6k a month and if you tried to get promoted maybe even 8k. (Fucking servers alone make 4-5k a month easy) at that point you can save 5-6k a month that’s an annual salary for high-end Europeans every year.

It’s impossible to fail in America unless you’re stubborn AND retarded

I moved to the USA when o was 25 and worked for Costco, made it to a supervisor role after 7 months which put me at 31 an hour at the time, now 35 but I got bumped to manager of my department so now it’s 9k a month, I have no education, no kids yet. And just shy of 500k in investments

I’m going to keep working here until I’m 50, by then me and my fiancé will have bought at a minimum 3 properties and I’ll rent two of them to pay for all 3, when my kids (we want 2) have either finished their college degrees or gotten a job I’ll let them move into one of the properties rent-free.

I won’t retire outright but to the point that i can be at home with the kids as much as possible, and obviously only when we are set enough that my wife can do the same if she wants to

The American dream is literally just don’t be retarded and put in the effort

>>60763814
>Fucking servers alone make 4-5k a month easy)
nigger you are delusional
only in high end restaurants

>>60763814
>(Fucking servers alone make 4-5k a month easy)

>>60763761
Typically you don't have it in one stock, which is why stock in general IS considered liquid, just look up liquid assets. Yes, if you do have 1m in a single stock it's not that liquid, but who does that?

>>60763845
>>60763926
hes right kek

>>60763932
Liquid is not a binary, its a granular scale, yes stocks are on the more liquid side but when someone refers to 1m liquid, they mean cash equivalents most of the time

>>60763972
>when someone refers to 1m liquid, they mean cash equivalents most of the time

That's complete bullshit. Stocks are always included in the liquid category because it takes like 1-3 days to get the cash when you sell. I don't know where you're getting your info, but it's complete bunk.

>>60763405
>Aren't 10% of Americans millionaires
Around 9% (this is increasing as the Gen X'ers pay off their debts and max out their 401k accounts). For most of them a significant chunk of their net worth is from the value of their home, which is not a terribly liquid asset. The percentage of the US population that are liquid millionaires is less than 2%.

>>60763581
Liquid net worth doesn't include your 401k or IRA if you're younger than 59.5, nor does it include the value of your business if you own one, nor does it include the value of your house or vehicles. So yeah 2% to 10% is actually reasonable. My current net worth is just over $1M so I'm in that 10%, but my liquid net worth is only $600k so I'm not in that 2%. But in a year and a half I'll turn 59.5 and get access to all my 401k and IRA accounts and my liquid net worth will jump to just over $5M.

>>60763608
This. The top 1% owns 30% of all wealth and the top 10% owns 67% of all wealth, so the average gives an extremely inaccurate view of reality

>>60764048
>But in a year and a half I'll turn 59.5
Holy shit, an actual boomer on biz. Do you think the younger generations are screwed?

>>60763388 (OP)
you probably made a lot of gains with your shitcoin meme tokens trash which makes you believe you are superior. let me tell you straight: you're not. you're still on the poker table. cash out now or you will cry, faggot. also, having "tether" in your wallet is a whole lot different than having actual 100k on your bank account, faggot.

>>60763388 (OP)
>100k
>literally worthless in terms of buying any land
>pennies in terms of starting a biz

Society is just elon musks snorting ketamine controlling every asset while random foreigner migrants somehow get monopoly shadow money funds. Might as well be a broke ass. Millionaire is literally nothing.

>>60764089
With a million, you can just set it and forget it in a bluechip dividend company and just work part-time...may not be luxurious or ideal; however, this is the most realistic goal in this fiat hellscape.

>>60764048
Your 401k/Roth IRA is absolutely fucking liquid. You can sell at any time. You just pay a 10% penalty. I don't understand you people.

>>60763761
For a million? Of course you can, even if it's all in the same stock. VOO does nearly $4B/day in trading volume, SPDR does roughly $4.5B/day. A million is fucking nothing, the stock markets are serious money not playtime like your little digital toys. Even the quintessential buy-it-and-hold-it-till-you-die funds like SCHD could handle your measly $1M without a problem, SCHD does about $430M in trading volume per day. Hell a single share of Berkshire Hathaway trades for nearly $1M for a *single* share and sees roughly 400 shares traded per day, you really think people can't sell a single share of BRK.A without causing some sort of liquidity problem?

>>60764080
No I think the younger generations are whiny entitled little shits. They think they're uniquely screwed because they're facing the same sort of headwinds we did, they look at us now and see how well we are doing but somehow seem to think we were just as well off 20+ years ago when we were their age, and that just isn't so.
Picrel is from FRED, and yes it's inflation adjusted.

>>60764155
>not playtime like your little digital toys
Bitcoin averages $60B in daily volume and Ethereum averages $45B.

Those numbers don't even include ETF volume which is roughly $5-6B per day.

>>60764183
wow that's a lot of money laundering going on.

>>60764210
No wonder you're nearly 60 with a liquid nw of only $600k. Extremely embarrassing

>>60763586
>39
>650k taxable vanguard brokerage
>130k taxable fidelity brokerage
>400k in 401k
>30k in HSA
>no real estate or other assets
>i rent cheap and invest most of my earnings
everything is in blue chip or index funds, i'm around $1.3M net worth, i don't feel rich
>17k in checking/savings
>>60763626
stocks in taxable accounts are considered liquid retard, you can sell them instantly during market hours and have cash
>>60763680
1M doesn't mean you can buy a lambo and a mansion in malibu but if used smartly 1M buys you tons of financial stability and stress reduction, yes the /r/leanfire retards are actually right, if you control spending you can retire early on 1M if you live in a low cost of living area, even easier if you work a part time job to supplement withdrawals, this is possible in America, a high cost of living country in general, compare that to billions of people slaving away to not be on the street for life, retirement is not an option for them
>>60763702
dumbasses think that if i can't be a billionaire then it's not worth it

>>60763388 (OP)
it kinda is

could literally be mine

>>60763590

This, it's high risk. Banks will make excuses to play with your emotions.

I unironically tried explaining to my coworkers that you are poor if you have a net worth under $1mil and even that isn't close to enough.

I realized these retards live paycheck to paycheck or have maybe 25-50k saved/invested. These are people in healthcare in their 30-40s.

>>60763388 (OP)
it is but its not retirement money

>>60764172
shut the fuck up boomer

>>60763388 (OP)
That's a years salary, it's a lot.

>>60764172
this guy's a real boomer, actually thinks they had real economic hardships coming up. probably bought a house at 25 in an all-white neighborhood. also,
>posts chart
nigger you can make statistics say anything, i got a chart that says you're a faggot, can't find it right now though

>>60766494
>>60766876
>itt millennials seething at being exposed once again as the entitled little shits everybody already knew they were
cry harder, your tears amuse me.

>33
>60k in ROTH IRA
>40k in taxable brokerage
>20k in crypto. Half is in BTC
>15k in 401k
>No real estate but my car is paid off
>25k in bank. 50/50 split between checking and savings.
>No debt other than 9k in student loans.
I know I'm still poor by today's standards, but everyone else I know in my age group and younger has literally 0s for everything and are buried in 5 figures of credit card debt and/or student loans. So, I guess I could be much worse off. How can I improve my situation?

>>60768345
Honestly that's pretty good. I think if you keep on doing what you're doing, that's probably fine as is.

>>60768404
Was not expecting that kind of reply. Sometimes I wonder if I have too much money in the bank and if some of that money could be invested somewhere. I always follow a simple rule where I leave at least 6 months worth of expenses in my bank at all times. For me, that would be roughly 20k. Could I dump 5k somewhere in a good, long term investment right now? I'm semi tempted to increase my BTC bag, but I'm sure there's smarter investment choices.

>>60763439
>People are more successful than me??
>its must be because they didn't earn it!!
just lol

>>60763650
You can always sell your home, anon. Boomers living in 5-bedroom homes is one of the reasons the housing market is so fucked up.

>>60763392
Damn, Ameripoors are fucking broke.

>>60763641
It's mainly a hedge against inflation.
It won't make you rich, but it will prevent the government from devaluing your net worth via inflation and money printing.

>>60763419
Americans have more post expense income for the median person than any other country on earth

>>60763388 (OP)
money cannot buy a ticket to heaven or guarantee one's salvation

>>60763388 (OP)
Normies think 1k in savings is a lot

>>60763411
>Society is built AROUND the median, AROUND the middle, AROUND the average
lol

>>60763952
A hot chick thats legitimately good at the job working at a high end place is easily cracking $100k/year. I managed these restaurants for a few years. And thats only whats on the restaurant books. Alot of these girls have guys throwing money at them just for pictures of one boob

I still remember 12 years ago listening to the radio and some lady won $1k from some call in contest and she was freaking out. And even back then I was like damn $1k really is life changing money to most people. I mean, not actually life changing since they just blow it all on dumb shit, but you know what I mean

>>60768345
youre at the point where you really need to increase your salary. mid 30s are peak earnings years for compound interest. get a new job at at least 20% your current pay if you can

>>60769030
>A hot chick thats legitimately good at the job working at a high end place is easily cracking $100k/year

Most waitresses don't work at high end places. Most are working at mid-tier restaurants that serve the average Joe who tips like $10. And usually people who get paid in tips don't even accurately keep track of their income, and tend to greatly overestimate it.

>>60763451

You really see how retarded they are with auto loans and car choices. Niggers will buy a car that is $80,000 at like 15% instead of just getting something reliable for $20,000.

People are bad at math and get severely punished for it.

>>60763562
most people in every country are broke because most people are fucking retards

at least broke people in the US still have a car, housing, unlimited food, air conditioning, etc

>>60768345
>25k in bank. 50/50 split between checking and savings.
if this is supposed to be a cash position for buying pullbacks, surely you'd want that in a money market fund in your brokerage account. because right now you'd have to wait a day or two to withdraw from your savings account.
even moving from your checking into brokerage is a bit annoying.
mm fund, in schwab at least, you can sell and instantly have the money on hand.