The 2013 scorecard from assetsandopportunity.org is, unfortunately, quite scary.
What is striking to me is that net worth is still on the decline. In 2006 we hit our peak, 96,000 dollars was the median net worth. Now, that number has declined to 70,000 dollars in 2010.
The most striking problem that I saw was the liquid asset poor families. This is considered, by the Asset and Opportunity scorecard, to be an individual or family who could not support themselves for 3 months if they lost their job today.
I think about how this ties into the Infinite Banking Concept and everything we are trying to teach here at BecomingYourOwnBank.com. How are we supposed to become financially stable and independent from banks if we can’t even save 5k.
This just further proves the dire circumstances we are in today. Not only do we need to be getting out of debt, but we need to be self financing and end our reliance on bank credit. With American’s, according to Nelson Nash, paying 34 percent of their money to financing costs, the answer to me seems quite obvious. Start self financing and you will easily end the crisis for a majority of Americans.
To me, it comes with the first step, following your dollars. I wish that they would have asked how many of these people keep a budget and write down the money they spend. My guess is a majority of these people do not.
16 percent of American’s fall under this asset poor category and are making less than $18,000 a year. That is pretty bad, if you have children or you are a single parent.
Google it.
I’ve had this discussion with many people. I’m sure I could answer this, however, I think 
The Mises Institute is one of the finest institutions for those interested in economics, and primarily Austrian economics. We interviewed 
