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"Using Fed data, about 8% of US households have a net worth exceeding $1M and the median net worth of the top 10% of US families is $1.569M. The IRS uses the estate multiplier technique to calculate the data, a more complex measure based on tax returns, capitalization of earnings power, and other factors.
9,463. Shows that the top 10% is around $1M. A million may not be what it used to be, but it’s still a lot more than a lot of people have. $1.2M gets you over the 5% line. So, going back to the thread on how much it takes to retire - I think it said $1.46M.
Nice website, but I disagree. I said life insurance IN FORCE AT TIME OF DEATH. It's not necessary to agree with me... The Federal Reserve's SCF only includes cash value of insurance policies. I consider their data to be the gold standard. All the wealth percentile calculators and articles I...
Number of individuals with a net worth greater than $30 million, Very High Net Worth, VHNW = 830,520 individuals Click to expand... Even the most perfunctory proof-reading of the article would have noticed that there cannot possibly be fewer people in the $5MM-$30MM group than in the $30MM+ group!
Just for fun, I also entered my net worth at its low during the Great Recession of 2008-2009. In doing so I received much less of an ego massage than when entering a 2014 net worth. ;D
https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/ According to this website I am in the 96% percentile compared to others.
This seems a considerable underestimate of household net worth. The Fed released 2016 data which showed the 90th percentile at almost 1 million (952000)...
Now, going by that income calculator, it only puts me in the top 20%, but I've done those wealth calculators before, and recall they'd put me somewhere in the top 4-5%. Maybe things have changed, but I seem to recall a net worth of $1M would put you more or less in the top 10%, and $2M would get you into roughly the top 5%.
Wow! So the article says that if you have $946,000 networth, you're in the top 90 percentile (richest 10%). That will be my networth when I exit my job late next year, yet it doesn't look enough I suppose most people here are closer to the 95th percentile ($1.87M) or 92th - 93th percentile ($1.4 M - $1.6)
I was quite stunned when I read this. These are NOT large numbers in the grand scheme of things. I am sure most of those here are in the top 5%. Net Worth USA Percentiles – Top 1%, 5%, 10%, and 50% in Net Worth The top 1% of net worth in USA in 2020 = $10,500,000 The top 2% of net worth in...