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2004 Fed Reserve Net Worth for top 10%?
Old 01-29-2008, 06:53 PM   #1
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2004 Fed Reserve Net Worth for top 10%?

A lot of people ask about net worth and here is the 2004 federal reserve survey data. Do Bill Gates, Warren Buffet , etc skew the mean so the median is the more relevant number when deciding where one's net worth is relative to other Americans? The below median and mean numbers are in thousands. Also, since I am mathematically challenged, can one extrapolate and say median is probably close to the 95th percentile?



Percentile of net worth 2004 median mean
Less than 25 . . . . . . . . . . . . . . . . . . . .

25
49.9 . . . . . . . . . . . . . . . . . . . . . . . . .

5074.9 . . . . . . . . . . . . . . . . . . . . . . . . .

7589.9 . . . . . . . . . . . . . . . . . . . . . . . . .



90100 1,430.1 3,114.2
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When I posted it moved my data.
Old 01-29-2008, 07:00 PM   #2
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When I posted it moved my data.

The numbers 1430 and 3114 are the mean and median numbers in thousands respectively.
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Old 01-29-2008, 07:14 PM   #3
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Old 01-29-2008, 09:19 PM   #4
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T-Al, where do we send the money? You ought to charge for stuff this good!
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Old 01-29-2008, 09:21 PM   #5
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Old 01-29-2008, 10:57 PM   #6
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Thanks Al. I fixed the font.
BTW...nice eye chart. 8)
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Old 01-30-2008, 10:07 AM   #7
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Link to the document:

http://www.federalreserve.gov/pubs/b...ancesurvey.pdf
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