Answer: 30%

Questions:

• In your own words, what is meant by wealth? Provide some examples. 
• How do households with no wealth, aside from their home, deal with unexpected emergencies (medical issues, car repairs, etc.)? 
• What are ways that you can start building wealth now?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (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!

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The surest way to build wealth is to create savings habits. Check out the NGPF Savings resource page for ideas on how to build these habits with your students.