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?
If your household net worth is $1 million or more, are you middle class?
— YVR Housing Analyst* (@YVRHousing) September 6, 2016
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?