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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by hellisothers on Monday October 18, 2021 @02:54PM (#28909828)
Debt is at best a red herring, an individual with a $30k mortgage on a $60k home is not in the same situation as an individual with $30k in the bank and $30k of credit card debt yet they both have $30k in debt.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by ska on Monday October 18, 2021 @03:11PM (#28910115)
> Debt is at best a red herring,

That's really not what red herring means.

The problem with debt is that is complicated, not that it doesn't matter.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by hellisothers on Monday October 18, 2021 @11:25PM (#28914528)
Totally fair, I was thinking it is so complicated as to be a distraction.
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Re:The wealthiest 10% of Americans own a record 89% of all U... by sudosysgen on Monday October 18, 2021 @11:43PM (#28914617)
If you have a 30k mortgage on a 60k home by selling all your assets you're 30k up, whereas the other scenario has you at zero. Net worth would arrive to the same conclusion, so I don't see net worth including wealth to be a bad metric here.
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