MasterBlaster
Thinks s/he gets paid by the post
- Joined
- Jun 23, 2005
- Messages
- 4,391
How do you stack up to the 1 percenters...
If this hasn't already been posted, Scott Burns updated his chart using 2010 data. The chart shows (by age bracket) how much total wealth you need to have in order to be in certain tiers.
The New Wealth Scoreboard - Registered Investment Advisor
If this hasn't already been posted, Scott Burns updated his chart using 2010 data. The chart shows (by age bracket) how much total wealth you need to have in order to be in certain tiers.
The New Wealth Scoreboard - Registered Investment Advisor
The Wealth Scoreboard is a bit different from other measures of wealth. Rather than just identify the kind of wealth one needs to be in the top 1 percent or some other level, this measure divides us into wealth groups by age. You can thank the research department at the Dallas Federal Reserve bank for doing the heavy lifting.
When it comes to net worth, a little age discrimination is only fair. Young people haven’t had time to accumulate wealth. Older people have had decades. To be in the top 10 percent of your age group in your twenties, for instance, you only need to have a net worth of $83,000. You’ll need more than 20 times as much, a handsome $1,955,000 to be in the top 10 percent if you are in your sixties.
Another thing to notice is that whatever your wealth level, it peaks in the same decade of life--- our sixties. The top 1 percent enjoy a peak wealth of nearly $11.7 million in their sixties while those in the top 1 percent in their eighties have a net worth of about $5.9 million. Ditto, those in the top 25 percent: Their wealth peaks at $712,000 in their sixties and falls to $514,000 in their eighties
Last edited: