According to the federal reserve, the median net worth of people in retirement age is only ~400k

Remember, that includes home equity

That is shocking to me

It shouldn’t be. As a white person you should be familiar with trailer parks (not the nice ones) and the levels of alcoholism that exists in America (rural and urban)

Am I reading the data wrong or does it indicate more people that attended some college than no highschool diploma? 🤔