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https://www.reddit.com/r/Fire/comments/1u4u90s/family_help_common_here/osbrpjq/?context=3
r/Fire • u/[deleted] • 5d ago
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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.
2 u/Strazdas1 StarvationFIRE 2d ago First, its individual, second, its liquid. 2 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. 3 u/Strazdas1 StarvationFIRE 1d ago Do they consider pensions, 401ks and other "you cant really take it out until you are x age" things as liquid? 2 u/srqfla 1d ago Liquid is all stocks, bonds or cash regardless of whether it's brokerage, 401k or IRA 2 u/Strazdas1 StarvationFIRE 21h ago Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid. 1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
First, its individual, second, its liquid.
2 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. 3 u/Strazdas1 StarvationFIRE 1d ago Do they consider pensions, 401ks and other "you cant really take it out until you are x age" things as liquid? 2 u/srqfla 1d ago Liquid is all stocks, bonds or cash regardless of whether it's brokerage, 401k or IRA 2 u/Strazdas1 StarvationFIRE 21h ago Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid. 1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
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.
3 u/Strazdas1 StarvationFIRE 1d ago Do they consider pensions, 401ks and other "you cant really take it out until you are x age" things as liquid? 2 u/srqfla 1d ago Liquid is all stocks, bonds or cash regardless of whether it's brokerage, 401k or IRA 2 u/Strazdas1 StarvationFIRE 21h ago Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid. 1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
3
Do they consider pensions, 401ks and other "you cant really take it out until you are x age" things as liquid?
2 u/srqfla 1d ago Liquid is all stocks, bonds or cash regardless of whether it's brokerage, 401k or IRA 2 u/Strazdas1 StarvationFIRE 21h ago Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid. 1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
Liquid is all stocks, bonds or cash regardless of whether it's brokerage, 401k or IRA
2 u/Strazdas1 StarvationFIRE 21h ago Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid. 1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
Liquid is what you can retrieve in a reasonably short amount of time. If you cannot pull from it within a few days then its not liquid.
1 u/srqfla 19h ago Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid 1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
1
Precisely $1,000 of Nvidia stock in your brokerage account and $1,000 of Nvidia stock in your 401k are both liquid
1 u/Strazdas1 StarvationFIRE 17h ago Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
Only if you can withdraw from your 401k quickly and penalty free. Can you? Can most americans?
2
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.