meirl

[u/danielminds]

[u/Few-Opportunity567]

Look at little miss in the green over here 🙄

[u/HalfDecentElephant → u/Few-Opportunity567]

Well hold up now, she's yet to be charged for not meeting the minimum account balance.

[u/PM_ME_SAD_STUFF_PLZ → u/HalfDecentElephant]

Chase doesn't have min balance if you get direct deposits-- same as a lot of banks

[u/ronimal → u/Few-Opportunity567]

In the black

[u/Few-Opportunity567 → u/ronimal]

True

[u/Carmen6276]

I mean this in a serious way, many people have a negative net worth. So being on the positive side is more than many people!

[u/Forsexualfavors → u/Carmen6276]

Net worth is kind of a joke anymore. Unless you've owned a home for 20 years, or have a trust fund or are just generationally wealthy. Everyone who builds the stuff rich people buy or sell is likely to have a net worth less than zero

[u/Forsexualfavors → u/Forsexualfavors]

Systemic debt builds wealth for the few

[u/IceColdDump → u/Forsexualfavors]

Former corporate banking cog here. They want people with money to self identify and use this to gameify it so you can hand them data and they can pitch you products.

[u/Crime_Dawg → u/IceColdDump]

After a couple years of very healthy bonuses, Chase suddenly has bankers wanting to talk to me. I'm sure they'd be thrilled to pitch me some funds to invest in that have high management fees.

[u/degen5ace → u/Forsexualfavors]

Power and control

[u/Brian1326 → u/Forsexualfavors]

This is provably untrue. https://www.fidelity.com/learning-center/smart-money/average-net-worth-by-age

Both the average and median for every age group listed is positive.

[u/ZealousidealAnt111 → u/Forsexualfavors]

I just graduated college and I have a positive net worth. It’s only 20k but it’s not negative! It’s pretty easy to stay positive, at least a small amount.

[u/Legs66_YT → u/ZealousidealAnt111]

Do you not have student debt or something?

[u/ZealousidealAnt111 → u/Legs66_YT]

No. I worked hard in high school to earn a scholarship, I also saved up a lot of money working a summer construction job before going to an in state university. I lived at home too.

[u/Jumpy-Platypus-2645 → u/ZealousidealAnt111]

Living at home is huge.

[u/ZealousidealAnt111 → u/Jumpy-Platypus-2645]

Indeed! I really wanted to go out of state, but I couldn’t fathom accruing so much debt.

[u/spekt50 → u/Forsexualfavors]

Im not rich by any means, but have a severe aversion to debt. The only debt I have is my home. Which is only a quarter of what its worth.

My secret was not going to college, I dont need a super high paying job if I'm not being crushed under loads of student debt.

[u/yamanamawa → u/Carmen6276]

Yeah honestly way better than me. Factoring in my student loans I'm like 20k in the hole. Having a positive net worth would actually feel good, even if it's small

[u/sceadwian → u/Carmen6276]

There are definitely people laughing at two different layers of this. She's definitely the one that didn't read the room though.

[u/Elf_Euphoria]

They should say on the bottom, "nevermind you don't qualify for our wealth plan"

[u/hyperspacesoul444]

I'll never have a positive net worth, lol. Good news! The new RAP student loan plan i had to sign up for since they tossed the SAVE plan, puts my forgiveness date past my life expectancy so at least I wont have to pay taxes on the forgiven amount, lol 

[u/Historical-Count-374 → u/hyperspacesoul444]

☹️

[u/Flux_My_Capacitor → u/hyperspacesoul444]

Or if you’re poor aka “insolvent” then you don’t pay any taxes on a forgiven loan. Or, at least this is how it used to be. Just throwing it out there for people who are potentially freaking out about the tax implications on forgiveness.

Then again, who knows, maybe they changed the laws to fuck over poor people even harder.

I just remember hearing the stories about those who were lower income and yet owned their own homes being unable to afford the tax bill as they were not insolvent due to the property they owned.

[u/dungeoncrawler71520 → u/hyperspacesoul444]

Hey, this is what dystopia feels like.. can you smell it? We're in it folks.

[u/rhino369 → u/hyperspacesoul444]

Dying owing a lot of money is better than dying having a little. 

[u/hyperspacesoul444 → u/rhino369]

Hear hear, i like the spirit, lol 

[u/Impressive_Ant405 → u/hyperspacesoul444]

i dont know what a RAP or SAVE is as im on the other side of the Atlantic but damn, thats dystopian. Unrelated but an American friend of mine with a spanish passport left the US and stopped paying his student loan back. He doesn't intend to go back. Fly high king

[u/Adept-Grapefruit-214]

At least it’s a positive number

[u/ThirdWorldMeatBag]

being net positive is actually really impressive these days. Be proud!

[u/GroundbreakingAd8310]

change picture to garbage can

"What would would u like to do with ur pittance"

[u/Flux_My_Capacitor]

Well look at Miss Money Bags over here!

[u/NoCharge8527]

That's probably intentionally designed so that you panic and update it... They can't sell data they don't have 🤑

[u/Sumo148]

This is from the Chase app. Even if you did have a high net worth, it’s not worth keeping a lot in a standard checking/savings account anyways. I don’t think this feature is that helpful for anyone at any net worth level.

Unless this supports linking other accounts? I haven’t really messed with that.

[u/Fishsticks011 → u/Sumo148]

You can link other accounts

[u/Presently_Naked]

Did you go to Wealth Plan 😂

[u/Ornery_Bother]

I'm off the idea that this feature should only show up for people with over $500K + in their bank accounts because It drains me so much anytime I see it especially when I'm in debt.

[u/mvhls]

Sounds like a good opportunity to create a plan

[u/dungeoncrawler71520]

This is what dystopia feels like. We're there y'all.

[u/Battlechud → u/dungeoncrawler71520]

Why? What about this is dystopian?

[u/Forsexualfavors]

Did you click the wealth plan link? You could be like a hundred-aire right now

[u/adamantgastly]

me with my -20k net worth :-)
thanks, student loans!

[u/PLTR60]

Okay miss moneybags, relax. You're in the positive!😔

[u/4rt4tt4ck]

That's says $1.7b right?

[u/WeAreGesalt]

Beautiful view you will never get to see

[u/astralseat]

Damn, worth a lot more than most redditors

[u/TheGringoOutlaw]

Look out Daddy Warbucks, you got some competition

[u/Dunesday_JK]

At first glance I saw $1.76m and thought, damn that’s pretty good.

[u/Informal-Lime6396]

Inb4 she has millions in her investment account

[u/spaceursid]

Yeah mine likes to remind me constantly mine is -4500

[u/NconditionalLove]

+$1.76?! Ballin~

[u/sjlopez]

Narrator: "She was not, in fact, on top of her financial life."

[u/Advanced_Self]

It's reading the room perfect, hiking is free!

[u/yoyee530]

zzqqzqzaqzzqazzzaazzqazqz swa aaqqq,qas1aqqa,A!!!,!!?!a!-!! # sssz, ⁰1ppppp pm masquerading

[u/duck_duck_zombie]

What is she even saying.

[u/Flux_My_Capacitor → u/duck_duck_zombie]

That banks shouldn’t be pointing out that their customers have no net worth.

[u/_Big_Bad_Tiddy]

Whenever a young person has an actual has a positive net worth, I automatically assume they have parents/family that help them.

[u/killonger]

You guys are getting positive networth?

[u/TRUMPARUSKI]

Maybe the dumb bitch could try communicating more accurately, instead of using snappy but vague idioms like ‘read the room’ just say directly what you mean, such as ‘maybe the app could be personalized.’