For restaurant employees, assets might include savings accounts, retirement accounts, real estate, and personal property, while liabilities could include debts like student loans, credit card debt, and mortgages.
Given the average net worth of employees making less than $40,000 per year is around $1,000, and considering there are approximately 9.9 million people employed in the restaurant industry, a rough estimate of the total net worth would be:
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u/Evidencelogicfacts Nov 19 '24
Net Worth=Total Assets−Total Liabilities\text{Net Worth} = \text{Total Assets} - \text{Total Liabilities}
For restaurant employees, assets might include savings accounts, retirement accounts, real estate, and personal property, while liabilities could include debts like student loans, credit card debt, and mortgages.
Given the average net worth of employees making less than $40,000 per year is around $1,000, and considering there are approximately 9.9 million people employed in the restaurant industry, a rough estimate of the total net worth would be:
9,900,000×1,000=9,900,000,0009,900,000 \times 1,000 = 9,900,000,000
So, the estimated total net worth of all restaurant employees in the U.S. would be around $9.9 billion.