FINE 4050 Lecture Notes - Lecture 2: Personal Finance, Human Capital
17 Dec 2017
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Doesn"t mean a fixed number of people. Median means 50% is above and 50% is above. Household net worth ,000 (market value in 2017. All the assets all the liability but this does not include human capital (because they like to measure things they can add, things that are not subjective) Note the 35% of that is personal residence, 30% is pensions, 10% is other investments and everything else is 25% So the 286 is not really what"s in the bank account. Those that are self-employed have a higher net worth because self-employed individuals take more risks. Not to mention the self employed have a higher household income by 13%. British colombia has the highest median net worth. Point is that if you were to get everything would be got in pei then your total income in lower. But that being said everything will be allocated accordingly to region. 5 quintiles each quintile will have a different personal finance.
