Asset or liability? Americans can't tell the difference. That's the problem. Debt is a liability not an asset.
"The most prevalent asset owned by Americans in the bottom half of the country’s wealth distribution is home equity,..."
https://finance.yahoo.com/news/ceo-massive-private-equity-firm-212342530.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
"Mortgage balances, the largest source of debt for most Americans, rose 5.9 percent between 2020 and 2021. The average mortgage balance is $220,380, according to Experian."
https://www.bankrate.com/personal-finance/debt/average-american-debt/#average-american-household
YER BOI TSN /
npub1yw…w6x3w
2023-05-07 17:24:17
Author Public Key
npub1ywyjd5dpgsaler6ehxpn4tfrdvx94mjef760mx04ex0jha8ptpvsjw6x3wPublished at
2023-05-07 17:24:17Event JSON
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"content": "Asset or liability? Americans can't tell the difference. That's the problem. Debt is a liability not an asset.\n\n\"The most prevalent asset owned by Americans in the bottom half of the country’s wealth distribution is home equity,...\"\n\nhttps://finance.yahoo.com/news/ceo-massive-private-equity-firm-212342530.html?soc_src=social-sh\u0026soc_trk=tw\u0026tsrc=twtr\n\n\"Mortgage balances, the largest source of debt for most Americans, rose 5.9 percent between 2020 and 2021. The average mortgage balance is $220,380, according to Experian.\"\n\nhttps://www.bankrate.com/personal-finance/debt/average-american-debt/#average-american-household",
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