Are You As Rich As The Average American?
Or maybe closer to the median
An abundance of money makes life more enjoyable.
Who wouldn’t want more money? Even multi-millionaires and billionaires are regularly trying to increase their wealth and net worth. They might want to use more money for philanthropic purposes to help those less fortunate or they may want more power that money brings.
No one would choose to be poor and broke. Almost everyone might like to increase their income.
An article for The Motley Fool by Maurie Backman was titled: “Americans Have an Average Net Worth of Over $1 Million. Why Don’t More of Us Feel Rich?”
It’s interesting to have a look at Americans’ net worth, as opposed to just the amount of money they have in their savings accounts, because it paints a bigger picture. Net worth is a measure of all of your assets minus all of your liabilities…
Recent Federal Reserve data found that the average American has a net worth of $1,063,700. But if that’s the case, why do so many people feel as if they’re barely making ends meet?
Most of us are not average. The net worth of extremely wealthy people is taken into account along with that of the poorest Americans. Then an average is taken. That amount may be vastly different from…
