It’s hard (for me at least) to comprehend this. I look at the data on how Americans spend their money. I look at all the spending on non-necessities.
Yes, it is sad.
by Financial Samurai
I recently stumbled across a fascinating chart by Deutsche Bank highlighting that more families than ever before have ZERO or NEGATIVE non-home wealth. In other words, roughly 30% of households have no 401k, no IRA, no after-tax investment account, no private equity investments, no venture debt investments, no nothing beyond the value of their primary residence!
Source: The Percentage Of People With No Wealth Outside Their Home Is Sad
QUINNSCOMMENTARY 
Although I am blessed with having wealth other than my home’s value, I have no trouble believing the 30% statistic. Looking at this tax-ridden state, and predatory politicians, its a wonder that it isn’t much higher.
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Not surprised. I can’t believe the number of people who retire with a mortgage payment. Then again, if the big banks can be bailed out, why not me? I am glad I do not live like that.
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