Home › Forums › Housing › Over 21% of homeowners in SD County have paid off houses › AN wrote:flyer, I’m also
[quote=AN]flyer, I’m also aware of the stats about 5% of the population who are financially solvent.[/quote]
I don’t believe only 5% are financially solvent. I think I am not in top 5% in terms of net worth, but I am financially solvent.
One in Four Households Have No Net Worth. http://economyincrisis.org/content/one-four-households-have-no-net-worth http://epi.3cdn.net/2a7ccb3e9e618f0bbc_3nm6idnax.pdf
About one in five U.S. households owe more on credit cards, medical bills, student loans and other debts that aren’t backed by collateral — so not including car loans — than they have in savings, checking accounts and other liquid assets.
http://usatoday30.usatoday.com/money/perfi/basics/story/2012-05-12/households-net-worth-university-of-michigan/54912016/1
