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Selected Net Worth Brackets, 2013-2016
Old 05-29-2018, 12:07 PM   #1
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Selected Net Worth Brackets, 2013-2016

This chart shows the net worth difference in just 3 years for US net worth. It does not show age brackets but overall net worth. Thought was interesting.




https://dqydj.com/wp-content/uploads...tates_2016.png
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Old 05-29-2018, 12:11 PM   #2
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This chart shows by age, looks like as of 2016.

https://dqydj.com/net-worth-by-age-c...united-states/
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Old 05-29-2018, 04:05 PM   #3
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Interesting. I was kind of excited when I put in my net worth and found out I was one of those 1%er's everybody talks about. Then, I noticed that was for a 30 year old. Not nearly as exciting when I put in my real age (60). Oh well, still doing ok.
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Old 05-30-2018, 02:54 AM   #4
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Wow big jump for the 99%. Guess it’s those stock market gains.
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Old 05-30-2018, 04:26 AM   #5
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Apparently when you hit 80, wealth makes a sudden jump

Median wealth:
  • 60-64: 105k
  • 65-69: 95k
  • 70-75: 77k
  • 76-80: 70k
  • 80+: 122k
Probably survivorship bias?
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Old 05-30-2018, 07:16 AM   #6
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So according to this.....80% of 60 year olds are Millionaires??

I find that hard to believe.
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Old 05-30-2018, 07:20 AM   #7
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Old 05-30-2018, 07:23 AM   #8
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So according to this.....80% of 60 year olds are Millionaires??

I find that hard to believe.
I read it as "at the 80th percentile" and above 60 to 64 year olds are millionaires.

Edit: I am using the calculator and not the post above that REWahoo referenced.
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Old 05-30-2018, 09:13 AM   #9
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The stock market gains have virtually doubled our net worth since 2011. Got us from six figures into eight figure NW. I don't feel that confident it will stay there, however.
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Old 05-30-2018, 09:19 AM   #10
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Had no idea 10% of population are millionaires? That seems really high to me.
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Old 05-30-2018, 11:07 AM   #11
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So according to this.....80% of 60 year olds are Millionaires??

I find that hard to believe.
A household led by a 60-64 year old with a net worth of $1,750,000.00 was in net worth centile 88% in 2016. This centile ranged from $1,708,340.71 to $1,862,928.95. Around 1,380,854 of the 11,507,120 households in this age range had $1,708,340.71 or more in net worth.

So, 12% had this net worth.
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Old 05-30-2018, 11:28 AM   #12
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Seems I'm not the only one having trouble making sense of the tables at that site. The presentation of the data there needs work IMO.
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Old 05-30-2018, 11:54 AM   #13
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The stock market gains have virtually doubled our net worth since 2011. Got us from six figures into eight figure NW. I don't feel that confident it will stay there, however.
6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
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Old 05-30-2018, 10:35 PM   #14
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6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
I am a bit more than 4x my net worth from 2011. I thought I was doing well, but obviously not.
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Old 05-31-2018, 07:38 AM   #15
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^Somebody should've retired and stopped working a while ago.
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Old 05-31-2018, 07:54 AM   #16
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^Somebody should've retired and stopped working a while ago.
I agree with you completely, but I sold my business and made a commitment to stay with the new owners until the end of 2020. I plan to honor that, then party
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Old 05-31-2018, 08:35 AM   #17
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There is an income percentile by age calculator too. https://dqydj.com/income-percentile-by-age-calculator/ It's unclear, to me, whether you should put in household income for a couple, or split it into how much each of you personally "earns."
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Old 05-31-2018, 09:30 AM   #18
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Had no idea 10% of population are millionaires? That seems really high to me.
I don't know how accurate this truly is, as it was only based off of 6248 individual samples, but according to this site: https://www.shnugi.com/networth-perc...000000#results

$1M net worth puts you into roughly the top 12%, using 2016 data. I can remember prior to their update, $1M would put you in the top 8%. I think that might have been using 2012 or 2013 data.

On the surface, 8-12% of the population having a NW of $1M or more might sound like a lot of people, but once you factor in home equity, it's probably less impressive. Plus, those high net worth individuals are going to be highly concentrated, in the more prestigious, expensive places to live, rather than evenly spread out.
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Old 05-31-2018, 09:35 AM   #19
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6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
$999,999 to $10,000,000 - could be slightly above 10x, but definitely way more than 2x
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Old 05-31-2018, 09:54 AM   #20
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$999,999 to $10,000,000 - could be slightly above 10x, but definitely way more than 2x
hell yeah. day trading, day trading... And LOL's market timing thread. It works! lol

Anyway, meant seven to eight.
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