Over the weekend, USA Today featured an article about Net Worth with comparisons by age. It is interesting to get a ballpark look at where we stand. I just found a calculator that provides a net worth percentile, but is based off of data from 2010. Financial data, absent the stock market, doesn’t seem to be updated very often. In any event, the calculator says that our current net worth is in the 97.2 percentile. I used this other calculator, too, for comparison’s sake, and while we are way ahead for our age group, the median net worth for our income was almost an exact match to our current net worth. This income percentile calculator is also interesting, but doesn’t use total household income, only individual incomes. While I know we’ve done so many things right by continually saving and making good investments, I think I might have underestimated the impact our incomes have on our net worth.
Thanks for sharing the excellent article which gave me a little bit more of confidences that I needed.
Keep up the good work!
Looks like im right on target for my age, wish i was higher! Good find with that calculator.
Just keep working and it will be higher before you know it. Good luck!