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How Does This Group Compare to the US at Large?
04-09-2011, 08:59 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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How Does This Group Compare to the US at Large?
Just for fun. If I combine (as closely as my abilities allow & I'd welcome a better effort) the data from the two threads below, I get an approximation of how this audience compares to the US at large, see graph.
Guess you have to conclude we are rich wealthy part of a very exclusive club comfortable way ahead of the FI curve even though some here argue otherwise, but...
Based on Table 3 in the Wealth Article, about 40% of respondents to the ER Net Worth Poll are in the top 5% of US wealth. WOWZA!
However, the median age here is also undoubtedly higher which explains the conclusion somewhat, but by no means entirely. Quantifying that aspect is well beyond my pay grade...
Comments are welcome...
http://www.early-retirement.org/foru...lth-55523.html
http://www.early-retirement.org/foru...oll-55244.html
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-09-2011, 12:04 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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I would expect that result. The thing is that a survey of the whole US includes many people who have no hope of retiring early if at all.
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For the fun of it...Keith
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04-10-2011, 12:49 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Wow, what a dud this one turned out to be. Oh well...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-10-2011, 12:56 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Midpack, nice chart.
I suspect the lack of reaction is due to the fact many of us already expected the results you show. There have been many comments over the years regarding the fact a substantial number who post here are "special".
__________________
Numbers is hard
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04-10-2011, 01:18 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,294
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Well, I'm far from special...but I like bein' in the green!
Thanks Midpack....
__________________
There's no need to complicate, our time is short..
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04-10-2011, 01:25 PM
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#6
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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It's a great chart . Thanks for doing it .
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04-10-2011, 06:50 PM
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#7
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gone traveling
Join Date: May 2008
Posts: 3,864
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Quote:
Originally Posted by Midpack
Wow, what a dud this one turned out to be. Oh well...
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Move it to the "FIRE Related Political Topics" forum, it'll have 256 posts in the week before Porky sings.....
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04-10-2011, 07:00 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Midpack
Wow, what a dud this one turned out to be. Oh well...
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Or people here are keeping mum after seeing your chart, fearful of having to share with the people who have less...
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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04-10-2011, 07:14 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Quote:
Originally Posted by Midpack
Wow, what a dud this one turned out to be. Oh well...
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I would have commented sooner but the butler just informed us the Rolls in on the blink. And to make matters worse, our butler failed to restock the Dom Perignon. You just can't get good help these days
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I purr therefore I am.
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04-10-2011, 07:22 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,588
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Just saw the chart. Good work.
No surprise, although I think that this board is attracting a broader base as time passes. It started with people who had both education and money. Then I joined.
__________________
I have outlived most of the people I don't like and I am working on the rest.
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04-10-2011, 07:26 PM
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#11
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Quote:
Originally Posted by Midpack
Wow, what a dud this one turned out to be. Oh well...
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It's just that numberz iz hard! The top 40 percent here in 2011 are in the top 5 percent there in 2009--it makes my head hurt. But in a very special way
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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04-10-2011, 08:30 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Will not!
+1
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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04-10-2011, 08:37 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Yes, it will!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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04-10-2011, 08:53 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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__________________
Have Funds, Will Retire
...not doing anything of true substance...
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04-10-2011, 08:55 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Just one challenge, and out comes the gun!
We were supposed to exchange a few more rounds of "Will" and "Will not" first.
Lordy, lordy, how violent our society has become.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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04-11-2011, 08:50 AM
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#16
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gone traveling
Join Date: May 2008
Posts: 3,864
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Do you have any data to back up that claim?
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04-11-2011, 08:55 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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I am glad that I am present to bring down the averages.
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04-11-2011, 09:49 AM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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The liberal media...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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04-11-2011, 10:21 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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04-11-2011, 11:19 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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Nah, just more vitriol from the Wright
__________________
I purr therefore I am.
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