2/ and, just to be clear, "Americans under age 35" include infants and first graders. Yes, this is totally a fair comparison and not an attempt to stack the deck.https://twitter.com/pookleblinky/status/1294614278939521025 …
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3/ Yep. And most don't count a degree as an asset (although it theoretically is). So, taking on $100k of debt to get a degree should be a net-0 change to net worth, and yet it's going to be treated in these analyses as going to negative $100k worth. https://twitter.com/anosognosically/status/1295040083737878530 …
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We had to calculate some net worth stuff around age 24. It was like negative 20k only bolstered by the engagement ring I bought for my wife with a literal stack of cash (Yay sales tax evasion!) Anyway. 10 years and 2 kids later it's positive 6 figures.
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I crossed 7 figures recently (almost 50). Takes time, but once gets there. Hard work + savings = win !
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The Progressives will fix that imbalance.
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