Reported 29 days ago
Despite the average American household boasting a net worth of $1.06 million, financial anxiety prevails, especially among the middle class. The disparity in wealth distribution is highlighted by rising housing values and significant gains concentrated among higher income brackets. While the top 20% holds 71% of the nation's wealth, many Americans live paycheck to paycheck, struggling with debt and unexpected costs. The median net worth, at $192,900, offers a more realistic view of financial health, underscoring the challenges people face despite perceived averages.
Source: YAHOO