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Get Do Individuals Know How Much They Are Worth
70% of all respondents believe they hold far less and 25% believe they hold far more wealth than they actually possess. For every dollar of wealth owned, typical individuals believe they hold only 62 cents. Increasing an individual s wealth by one dollar raises perceptions by just 27 cents. Most individuals need to calculate their net worth to correct their perceptions. Results show older individuals have a smaller perception gap than younger individuals, and Blacks and Hispanics have a higher.
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