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Message
In terms of net worth percentiles in the US...
Posted on 6/7/12 at 11:19 pm
Posted on 6/7/12 at 11:19 pm
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.
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.
3
Posted on 6/8/12 at 12:06 am to PenguinNinja
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
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
Posted on 6/8/12 at 5:41 am to rollthatback
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.
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.
Posted on 6/8/12 at 7:00 am to PenguinNinja
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?
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 6/8/12 at 7:01 am
Posted on 6/8/12 at 7:07 am to OnTheBrink
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.
Posted on 6/8/12 at 7:18 am to PenguinNinja
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.
Either way, I would say you are doing pretty well but it isn't how you start, it's how you finish.
Posted on 6/8/12 at 4:09 pm to Waffle House
I suddenly feel much better about my financial situation
Posted on 6/8/12 at 8:17 pm to Waffle House
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
Posted on 6/8/12 at 8:46 pm to rollthatback
quote:
$6 million … 1st percentile
Man, it feels good to be a one percenter
Posted on 6/8/12 at 10:38 pm to rollthatback
top half at 30, I will take it. 
Posted on 6/9/12 at 8:41 am to homeskillet
quote:Unfortunately your top-half is marred with . . .
top half at 30, I will take it.
. . . . . .
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