Selected Net Worth Brackets, 2013-2016

[Rianne]

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/2017/09/net_worth_brackets_united_states_2016.png

 

[Rianne]

This chart shows by age, looks like as of 2016.

https://dqydj.com/net-worth-by-age-calculator-united-states/

 

[PatrickA5]

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.

 

[audreyh1]

Wow big jump for the 99%. Guess it’s those stock market gains.

 

[Totoro]

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?

 

[retire202052]

So according to this.....80% of 60 year olds are Millionaires??

I find that hard to believe.

 

[REWahoo]

k = ,000

 

[flintnational]

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.

 

[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.

 

[aaronc879]

Had no idea 10% of population are millionaires? That seems really high to me.

 

[Rianne]

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.

 

[GrayHare]

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.

 

[Spanky]

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.

 

[COcheesehead]

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.

 

[LOL!]

^Somebody should've retired and stopped working a while ago.

 

[COcheesehead]

^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

 

[Amethyst]

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."

 

[Andre1969]

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-per...n_age=18&max_age=100&networth=1000000#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.

 

[audreyh1]

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

 

[hesperus]

$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.

 

[Spanky]

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

No need to wait till 2020 to celebrate.

 

[hesperus]

I am a bit more than 4x my net worth from 2011. I thought I was doing well, but obviously not.

4X From the market? Wow, that would be quite a feat My guess is that you too benefited from a windfall?
Actually now that you mention it, if I count the windfall I received in late 2010, I did go from high six figures to eight figure NW since then, so around 10X over eight years. The estate tax repeal in 2010 didn't hurt. Now to my original point, since 2011, it's doubled, mainly due to the market. It's all good.

 

[Sojourner]

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.

Exactly my thoughts. If you remove home equity and make some adjustments for cost of living, I imagine that would dramatically reduce the number of "millionaires" and would shrink that 12% number to something like 7-8%. IMHO, a millionaire living in San Francisco who owns a tiny apartment worth $600k is a far cry from a millionaire in Boise, Idaho who owns a $150k house. That fact that there are so many home equity millionaires in NYC and the Bay area and LA and other very high COL places certainly skews these statistics.

It's actually pretty amazing to see how much including home equity affects NW data. For example, for every age bracket starting with 50-54 going up to 80+, the average net worth is over $1MM. But it drops under $1MM for every single one of those age brackets if home equity is removed.

 

[COcheesehead]

4X From the market? Wow, that would be quite a feat My guess is that you too benefited from a windfall?
Actually now that you mention it, if I count the windfall I received in late 2010, I did go from high six figures to eight figure NW since then, so around 10X over eight years. The estate tax repeal in 2010 didn't hurt. Now to my original point, since 2011, it's doubled, mainly due to the market. It's all good.

All in, including real estate, savings, everything that comprises my assets. I never said market return, your words, not mine.

 

[hesperus]

All in, including real estate, savings, everything that comprises my assets. I never said market return, your words, not mine.

Yep.
Well, then how did you get a 4X return since 2011? Windfall?