Mercedes Bent Profile picture
Feb 22 30 tweets 8 min read
Wealth in the USA: a birds-eye macro view in Charts

Americans hold $153T in wealth... 👇🏾 Image
$32T of that is in retirement accounts Image
Boomers and older own 61% of #wealth & 72% of equities Image
On average they have $100-500k in savings at retirement age Image
Pre pandemic, boomers used fintech the least (24%) Image
The bottom half of America (150M) holds just 2% of wealth Image
38% of Americans with degrees own 70% of wealth Image
Black and Hispanic populations own 8% of wealth Image
Much ado has been made about the personal savings rate which is at its lowest since 2008 at 3.4%... Image
However debt payments as % of disposable income remains low at 9.7% Image
Unemployment also still low at 3.6% (lowest since 2019, 1970) Image
Disposable income per capita is near all time highs, ex pandemic Image
Median household income is $71k, down from 2019 peak Image
Income gains mostly gained by the wealthy since 80s Image
Speaking better English is correlated with earning more Image
Self employment highest since 2008, but below peaks

Recent growth came from 1) women (+2% since 2020) and 2) Transportation and Warehousing groups Image
The Great Resignation continues - highest quit rates in 20 years every month since April 2021, still at 2.7% Image
New business starts slowed, but still elevated post Covid at 70k per month Image
Home sale prices remain near highs w/median at $467k Image
But # homes sold is dipping, hitting their lowest in 3 years Image
Overall mortgage debt as % of home equity is lowest since 80s Image
But affordability for New home owners is at all time lows Image
Real estate asset class maintained value better than durables and equities since pandemic Image
Retail investors continue to invest at highest levels in a decade post pandemic Image
Robinhood the leader of the retail investing movement, continues to see MAU decline Image
Delinquencies ticking up at all major credit card companies Image
Credit card interest rates at recent highs Image
Yet Amex saw post-pandemic record # of signups in Q3 2022 Image
Global wealth distribution: global middle class dominated by India, China, and Asia Pacific, US is 33% of world wealth Image
Various regions of the world are more advanced in accessing certain wealth building products digitally

Asia leads in alt lending tech, US in wealthtech products Image

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More from @mercebent

Jun 16, 2022
Crypto-native, wallet to wallet messaging is broken.

and yet, messaging is the highest daily use consumer product. it's a huge opportunity.

Crypto's "You've Got Mail" moment is coming.

Let me explain ⬇️
mercebent.medium.com/the-future-of-… Image
Both individuals & dApps want it

Imagine you find the wallet address that owns a NFT you want. You want to ask if they'll sell, but you don’t know the owner. So you go to discord, post the NFT, & hope the owner sees it

DAOs resort to google forms to gather info from members
Communicating based on #crypto holdings is huge for business too.

Marketers will contact crypto holders literally based on what’s in their wallet.

As many have said this could paid too, transferring CAC to end users.

Polished wallet identities may be the new social profile.
Read 5 tweets
May 23, 2022
9 crypto native consumer products of today + tomorrow

medium.com/@mercebent/the…
2/ Every major tech shift has brought forth a new wave of consumer tech companies.

web1: the internet led to AOL, Yahoo, Amazon, eBay, Netflix, Pandora

web2: mobile led to Twitter, Uber, Facebook, AirBnB, WhatsApp, Snap
3/
Today's crypto consumer companies in web3 are being driven by applications in art, music, and sports.

Despite reaching pop culture status, there aren't many mass market brands that have become household names except perhaps Coinbase, OpenSea, Yuga Labs/BAYC, Metamask
Read 8 tweets
Feb 22, 2022
15k people at ETH Denver. i just returned from the largest year EVER as crypto goes mainstream

people still ask, why all the hype? what does blockchain actually solve?

7 problems that blockchains actually solve 👇🏾
1. Security for Scaled Blockchains
Blockchains that reach critical mass are hard to hack. Communities validate new additions, so in PoW models, you need 51% of validators' computing (hashing) power to control which txns post on-chain & unconfirm txns. In PoS, 51% of staked tokens
2. Double spend issue on internet
Provenance and original ownership is solved because you can’t sell the same asset twice to two people because each transaction is recorded for all to see on chain. This makes it easier to verify ownership and provenance (chain of custody).
Read 9 tweets
Nov 8, 2021
One of my absolute favorite topics is how people learn

Improving your speed of learning is also a top professional skill in a world that ain't changing any slower

Here's how to improve your speed of learning:✌️🏾
TL;DR: the top 3 things you can do to improve your speed of learning are:

1) shorten cycles to reach new learning levels
2) schedule learning flow states
3) treat learning like exercise

As a VC, I constantly have to learn about new areas

Here's a list of 10 things you can do:
1) Shorten cycles to reach new learning levels

this is based on Bloom's Taxonomy, a framework for education goals

my modified version has 4 goals:
Consume
Analyze
Create
Teach

i shorten cycles by forcing myself to share with others quickly & "learn by doing"
Read 17 tweets
Nov 2, 2021
the next gen of consumer entertainment experiences are being built on web3

in web3, consumers become co-creators

Here’s some of the most exciting Entertainment X Web3 I’m seeing and where there's opportunity 🧵
2/ any entertainment / social experience that had an audience or community in web2 can make the shift

the key is re-imagining your audience as co-creators, not just viewers

shift from passive>active

in web3 era of choose-your-own adventure, there is upside for getting involved
3/ if you consume it, you can co-create it

imagine if:
theme park: SixFlag NFTers choose new ride
movies: WarnerBro NFTers choose actors, set
music artist: Sony NFTers choose artist to sign
festivals: Coachella NFTers choose lineup
broadcast media/news: CNN NFTers choose stories
Read 12 tweets
Oct 24, 2021
We can all agree that the metaverse is having its hottest year yet

I used to work in VR and thought that was the path to the metaverse

Here's why I was wrong and why this time is different 🧵
2/ first, some context. the metaverse resurgence kicked off in April 2021 if you look at google trends

April was when Epic announced their $1B in funding (disclosure: we are investors) kicked off the 2021 metaverse frenzy and it hasn't abated since
3/ Epic's announcement wasn't the only catalyst. it followed months of a perfect storm of events:

1) the pandemic caused a huge boost in the time we spent playing games, for all age ranges.

globally we spent 40% more time playing
statista.com/statistics/118…
Read 14 tweets

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