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 . . . . . . . . . . . . . . . . . . . . . . . . .
50–74.9 . . . . . . . . . . . . . . . . . . . . . . . . .
75–89.9 . . . . . . . . . . . . . . . . . . . . . . . . .
90–100 1,430.1 3,114.2
Last edited by SteveR; 01-29-2008 at 10:56 PM.
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