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Selected Net Worth Brackets, 2013-2016
05-29-2018, 11:07 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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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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05-29-2018, 11:11 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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05-29-2018, 03:05 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Posts: 1,640
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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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05-30-2018, 01:54 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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Wow big jump for the 99%. Guess it’s those stock market gains.
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Retired since summer 1999.
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05-30-2018, 03:26 AM
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#5
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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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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05-30-2018, 06:16 AM
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#6
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Recycles dryer sheets
Join Date: Nov 2017
Posts: 87
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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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05-30-2018, 06:20 AM
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#7
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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: 50,022
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k = ,000
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Numbers is hard
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05-30-2018, 06:23 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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 Quote:
Originally Posted by retire202052
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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"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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05-30-2018, 08:13 AM
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#9
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Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
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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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05-30-2018, 08:19 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
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Had no idea 10% of population are millionaires? That seems really high to me.
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05-30-2018, 10:07 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
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Quote:
Originally Posted by retire202052
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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"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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05-30-2018, 10:28 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,906
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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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05-30-2018, 10:54 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by hesperus
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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6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
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May we live in peace and harmony and be free from all human sufferings.
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05-30-2018, 09:35 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2016
Location: Colorado
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Quote:
Originally Posted by Spanky
6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
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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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05-31-2018, 06:38 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
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^Somebody should've retired and stopped working a while ago.
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05-31-2018, 06:54 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2016
Location: Colorado
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Quote:
Originally Posted by LOL!
^Somebody should've retired and stopped working a while ago.
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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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05-31-2018, 07:35 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
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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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05-31-2018, 08:30 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,746
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Quote:
Originally Posted by aaronc879
Had no idea 10% of population are millionaires? That seems really high to me.
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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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05-31-2018, 08:35 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
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Quote:
Originally Posted by Spanky
6 - 8 figures in 7 years? That's more than double (2x). It's 100x.
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$999,999 to $10,000,000 - could be slightly above 10x, but definitely way more than 2x
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Retired since summer 1999.
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05-31-2018, 08:54 AM
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#20
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Full time employment: Posting here.
Join Date: Aug 2013
Location: https://www.google.com
Posts: 750
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Quote:
Originally Posted by audreyh1
$999,999 to $10,000,000 - could be slightly above 10x, but definitely way more than 2x
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hell yeah. day trading, day trading... And LOL's market timing thread. It works! lol
Anyway, meant seven to eight. 
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