FYI: You’ve seen plenty of people who appear to have it all. They live in beautiful homes. They drive fancy cars. They enjoy fabulous vacations that they post about on Facebook. Some of these people can afford to live large while they stockpile money into retirement accounts. But we live in a world of hyper-consumption. That means, by comparison, you might have more money than the flashy couple with a home beside the lake.
Many people, for example, owe money on their cars. According to the Lending Tree, Americans owe $1.13 trillion on auto loans. That’s an increase of 41 percent since 2008.
Revolving credit card debt hit an all-time high last year. Americans owe about $1 trillion on their plastic.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/how-does-your-wealth-stack-up
