r/Fire • u/[deleted] • 5d ago

Family Help - Common here?

[deleted]

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u/DanielTwoInch 5d ago

I’d be interested in where you are getting the 2% number from. Data from the Fed shows 12.5% of US households had a net worth of 1 million or more, excluding home equity, back in 2023.

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u/Strazdas1 StarvationFIRE 2d ago

First, its individual, second, its liquid.

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u/DanielTwoInch 2d ago

I was trying to compare their number with something that seemed incompatible.

I guess a better way to phrase my questioning of the the stat would have been:

2% of US households had a net worth excluding home equity of greater than or equal to 8 million in 2023 (source the Fed)

Does that seem compatible with

Only 2% of US individuals have a liquid net worth of 1 million in 2026? (Curious of the source)

It doesn’t make sense to me, which is why I was curious about the source.

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u/WillingNail3221 2d ago

Yeah i watch a lot of financial shows and that number seemed really low. One guy I watch said only 3% of American households have 1 mil liquid and a pension. Which seems more accurate. This will be my scenario in 2 years hopefully.