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re: Net Worth at 30
Posted on 7/29/13 at 10:25 am to Beerinthepocket
Posted on 7/29/13 at 10:25 am to Beerinthepocket
quote:
I didn't think we were discussing the the net worth of the majority, but the net worth that would be considered "great". To obtain a "great" net worth, it can be assumed that the job in each of those fields would also be exceptional. So I guess I'm talking about the top 10-25% of individuals in those fields.
I would guess that less than .1% of 30 year olds have $500K net worth, that they have earned on their own. Even at the professional level - lawyers, CPAs - that is an extremely optimistic figure for so young an age.
I think people who are 40+ probably underestimate exactly how difficult the recession has been for folks just starting out in their careers.
1
Posted on 7/29/13 at 11:11 am to Cold Cous Cous
quote:
I think people who are 40+ probably underestimate exactly how difficult the recession has been for folks just starting out in their careers.
This, I graduated and hit the work force in 1998. Had the Dotcom failure in 1999 and got hit again in 2007 with the Housing/Stock Market crash. The Gen X'ers probably enjoyed a better overall job market than todays grads but the X'ers got hit hard on other fronts. More than half my net worth was erased between my home and my investments, last year I finally got back to having an account balance in my 401 equal to what I'd actually personally contributed. Sad when one considers I've been contributing since 1998...
This post was edited on 7/29/13 at 11:16 am
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