Yes that counts all your "assets" with various estimates. All the crap you own. A number that high is definitely mostly about homeownership, though, which is roughly half the population. A homeowner with about $90k in assets is someone with a pile of junk and a car and a few years paying into the house and some savings. Or is someone with more years paying for the house but they're actually in debt so far as their liquid assets are concerned. Basically it's going to be dominated by newish homeowners.