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Average Net Worth vs. Median Net Worth in the US.
Posted on 10/15/21 at 1:23 pm
Posted on 10/15/21 at 1:23 pm
In relation to the 401k thread yesterday. My king ranch is worth more than half people in the 30-40 age range. Unreal.
LINK
LINK
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Posted on 10/15/21 at 1:24 pm to Mootsman
quote:
in the 30-40 age range
I don't even know what your king ranch is worth and I can already confirm this in regards to myself.
Posted on 10/15/21 at 1:24 pm to Mootsman
Interesting how it goes down from 18-24 to 25-29.
Posted on 10/15/21 at 1:25 pm to Mootsman
This is a low key brag thread and I approve.
Come on OT, tell us how rich you are.
Come on OT, tell us how rich you are.
Posted on 10/15/21 at 1:26 pm to Mootsman
retirement is going to be a myth soon enough
people just don't know how to save money, plus society continually is cranking up the cost of living through inflation and wages haven't kept up at all
add in bad government policies like subsidizing student loans allowing for a student loan crisis to bloom and kill the ability of younger people to invest in things like equity and real estate, and you've got yourself a road to serfdom
people just don't know how to save money, plus society continually is cranking up the cost of living through inflation and wages haven't kept up at all
add in bad government policies like subsidizing student loans allowing for a student loan crisis to bloom and kill the ability of younger people to invest in things like equity and real estate, and you've got yourself a road to serfdom
Posted on 10/15/21 at 1:27 pm to chryso
quote:
Interesting how it goes down from 18-24 to 25-29.
Significant debt taken on at that stage of life for many different reasons.
Posted on 10/15/21 at 1:30 pm to Mootsman
I doubt I have a liquid 12k at the moment.
But my net worth is apparently strongly in the 7 figures because of land.
I sure don't feel like it a I'm eating my brown bag.
But my net worth is apparently strongly in the 7 figures because of land.
I sure don't feel like it a I'm eating my brown bag.
Posted on 10/15/21 at 1:32 pm to Mootsman
quote:
The median wealth for single black women in the prime of their working years in this country is $5
With inflation, a happy meal cost more than $5
Posted on 10/15/21 at 1:35 pm to Mootsman
Those numbers are ridiculous. I don’t know many 60-70 yr olds worth over a million dollars. Much less the average.
Posted on 10/15/21 at 1:35 pm to TigerintheNO
quote:
The median wealth for single black women in the prime of their working years in this country is $5
Well. It's better than $3.50.
Posted on 10/15/21 at 1:37 pm to chryso
quote:
Interesting how it goes down from 18-24 to 25-29.
School loans?
Posted on 10/15/21 at 1:38 pm to OldSouth
quote:
Those numbers are ridiculous. I don’t know many 60-70 yr olds worth over a million dollars. Much less the average.
I would guess that people who understand how averages and medians work probably tend to have a net worth closer to the average than the median.
Posted on 10/15/21 at 1:41 pm to Mootsman
I'm below average but above median. What am I? Responsible or a dead beat?
Posted on 10/15/21 at 1:41 pm to TigerIron
When do the screenshots start?
Posted on 10/15/21 at 1:43 pm to TigerIron
quote:i know the difference (skewed by ultra wealthy) but why even make a stupid stat like that? It says nothing about the average American at that age.
I would guess that people who understand how averages and medians work probably tend to have a net worth closer to the average than the median.
Posted on 10/15/21 at 1:46 pm to jlovel7
Average is influenced by billionaires and millionaires with generational wealth. One of them is worth more than hundreds of thousands of regular Americans. Averages will always be skewed with outliers like the ultra wealthy.
The median simply means that half are above that net worth, half are below that net worth. It's more useful when dealing with outliers like you do when talking about wealth.
Above median means you're doing better than most in your age group.
The median simply means that half are above that net worth, half are below that net worth. It's more useful when dealing with outliers like you do when talking about wealth.
Above median means you're doing better than most in your age group.
Posted on 10/15/21 at 1:48 pm to Mootsman
Here's the non-Twitter link with much better information: https://dqydj.com/average-median-top-net-worth-percentiles-by-age/
quote:
To be top 1% in 2020, a household needed a net worth of $11,099,166. $10,374,030 was the 1% threshold in 2017.
Age Top 1% Net Worth
18-24 $435,076.59
25-29 $606,188.36
30-34 $956,944.74
35-39 $4,034,486.45
40-44 $7,909,636.79
45-49 $10,494,100.10
50-54 $13,524,093.87
55-59 $17,545,848.60
60-64 $14,629,637.13
65-69 $16,439,046.11
70-74 $12,625,305.04
75-79 $12,770,142.25
80+ $9,932,353.20
Posted on 10/15/21 at 1:49 pm to OldSouth
Yeah, those numbers all look really high to me. I suspect some of those age ranges have negative net worth on average.
Posted on 10/15/21 at 1:52 pm to jlovel7
If you're at the median net worth it means that 50% of people are worth more, 50% are worth less.
Posted on 10/15/21 at 1:52 pm to mmmmmbeeer
quote:
Above median means you're doing better than most in your age group.
I feel like I don't do anything close to enough saving wise, and I'm way above the median for my age group just in my retirement accounts. Got even more when factoring overall net worth. Makes me feel a little better
, but not really 
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