Net Wealth

Here is the definition of net wealth:

Net worth is the amount by which assets exceed liabilities. Another way to say this is, it’s the value of everything you own, minus all your debts. Net worth is a concept that can be applied to both individuals and businesses, as a measure of how much they are really worth.

So, why do people prefer to have more than $1M net wealth?

42% of people said No to this question above. Only 22% said Yes. The other 36% people preferred to exclude house from the calculation of net wealth. What does this tell us about people nowadays? Could these people from 78% in the poll tell the renters what class they are in now?

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