In terms of net worth percentiles in the US... | TigerDroppings.com

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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
1193 posts

In terms of net worth percentiles in the US...


Where do you think $350K in net worth at age 30 would put you?

What about a million at 40?

What would you need at 60 to put you in the 95+ percentile?

Just trying to gauge the value of net worth in terms of telling me how well I'm doing financially. Gross income us a dumpy comparison IMO, despite it's heavy usage in penis-measuring contests.







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rollthatback
Tulane Fan
Member since Jun 2008
2797 posts

re: In terms of net worth percentiles in the US...


LINK /

best I could find

$50,000 … 60th percentile
$93,000 … 50th percentile
$100,000 … 48th percentile
$200,000 … 34th percentile
$500,000 … 18th percentile
$750,000 … 12th percentile
$827,000 … 10th percentile
$1 million … 8th percentile
$1.4 million … 5th percentile
$6 million … 1st percentile






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Jim Rockford
LSU Fan
Member since May 2011
33545 posts
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re: In terms of net worth percentiles in the US...


I don't know if that guy's figures are correct, but he doesn't understand percentile rank. The numbers should be reversed, ie, the highest income is in the 99th percentile.

BTW, the global rich o meter linked in the article is pretty interesting. A $10000 income, which is abject poverty by any standard in this country, is still in the 87th percentile worldwide.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3539 posts

re: In terms of net worth percentiles in the US...


I have often been curious about this myself.

I am 29, have about $32,000 in Savings, $37,000 in retirements accounts, and have about $13,000 in equity on my house. However, I owe about $150,000 on my house. So is my net worth roughly -$90,000?



This post was edited on 6/8 at 7:01 am


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21107 posts

re: In terms of net worth percentiles in the US...


quote:

So is my net worth roughly -$90,000?


No. Your house is worth $150k. you owe $137k. So, as you stated, your positive $13k on the house plus everything else gets you about $80k. Still OT poor, but that's ok.






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Waffle House
Virginia Fan
NYC
Member since Aug 2008
2177 posts

re: In terms of net worth percentiles in the US...


I think a lot of it depends on geographic area. A net worth in the NE of 350k may put you in the 85th percentile, where as in the SE, it may put you in the 95th.

Either way, I would say you are doing pretty well but it isn't how you start, it's how you finish.






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Alabama Slim
Alabama Fan
2009,2011 BCS National Champions
Member since Jul 2007
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re: In terms of net worth percentiles in the US...


I suddenly feel much better about my financial situation





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PenguinNinja
Penn Fan
Antarctica (and Japan)
Member since Sep 2011
1193 posts

re: In terms of net worth percentiles in the US...


quote:

I think a lot of it depends on geographic area. A net worth in the NE of 350k may put you in the 85th percentile, where as in the SE, it may put you in the 95th.


Surely it's a function of many things...however, for the sake of simplicity, let's start with these dimensions:

1. In the US
2. By Age






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Macintosh504
New Orleans Pelicans Fan
Member since Sep 2011
22099 posts
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re: In terms of net worth percentiles in the US...


quote:

$6 million … 1st percentile

Man, it feels good to be a one percenter






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homeskillet
Alabama Fan
Huntsville, AL
Member since Dec 2011
225 posts

re: In terms of net worth percentiles in the US...


top half at 30, I will take it.





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NC_Tigah
LSU Fan
Member since Sep 2003
50468 posts

re: In terms of net worth percentiles in the US...


quote:

top half at 30, I will take it.
Unfortunately your top-half is marred with . . .


. . . . . .








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