MSE Poll: How much are you worth (or do you owe)?

coachman12

I entirely agree with MalMonroe's reply above.

Norman_Castle

I'm far wealthier than I thought, I'm also much younger

maisie_cat

What are you worth? usually means everything you own less everything you owe. Anything is liquid over time, property can be sold.
It appears that the question should be How much do you have in net liquid assets ? and most will be worth less

Ectophile

If it specifically excludes a mortgage from debts, then I assumed it also meant exclude the house from assets.  But it doesn't say anything about pensions or other investments.

Another poll from MSE that's too badly worded to give meaningful results.

Coveredinbees!!!!

I don't have a mortgage, well I do but it's an offset and it is fully offset but I wouldn't included the value of my house as I have to live somewhere. I just took my savings and investments then took away my total debts but as I type this I just remembered my endowment is due to mature soon and I didn't factor that in. Still not worth much and will probably have to work until I die.

andishdi

I knew as soon as I saw the results that people had “interpreted” rather than read the question.

MSE is frequented by some very financially savvy people but I don’t trust the results of this poll for a second - there are people adding their car, pension... Their collection of old Beanos!

Silvertabby

My reading is that the poll asks for total liquid savings minus unsecured debts.  ie, investments/ISAs/current accounts minus personal loans/credit card debts.

Er - why? This really is a pointless exercise, as it doesn't give a true reflection of wealth. 

Doc_N

A totally meaningless poll from MSE:

How much are you worth (or do you owe)?

While many are struggling as a result of the coronavirus crisis, others are saving and repaying debts much faster than before. So this week, we're looking to get a snapshot of the nation's finances.

Take any unsecured debt (ie, EXCLUDING any mortgage/student loan) away from any savings you have and where do you end up?

How much are you worth suggests the inclusion of assets such as houses, but the use of the word 'savings' suggests otherwise.

Surely a website majoring on the financial can do better than this.  Pull the poll and start again with some clarity!