Comments on: Net Worth Comparison by Age and Income

By: Anonymous

Anonymous — Sun, 12 Feb 2012 06:46:51 +0000

i am trieying too sav monies

By: Bob Holvenstot

Bob Holvenstot — Wed, 24 Nov 2010 21:10:54 +0000

It’s never too late. At age 50 I had nothing. By age 54 I had saved $20,000. I borrowed another $20,000 from my boss and bought an apartment building, which I paid off in ten years (I paid my boss off in two years). I began collecting SS at age 63 and saved all of it as well as all rents received. My building has doubled in value and I have $300,000 in protected CD’s. Total net worth is $700,000. I’m still working at age 70, pretax income from all sources is $110,000/year. Life is good!

By: Shirley

Shirley — Tue, 01 Jun 2010 11:18:46 +0000

I can tell you it has to be more than $174,400. Without counting owned real estate, cars, etc, at least $300,000 is more of a reality. Just my thought from experience.

By: Scott

Scott — Tue, 01 Jun 2010 06:13:56 +0000

If a couple retires with no debt this will change the picture. Can you tell me what the numbers woulb be for s debt free couple?

Scott

By: Matt

Matt — Wed, 20 Dec 2006 10:20:22 +0000

I’m not at all surprised by the low numbers for

By: Ryan Williams

Ryan Williams — Wed, 20 Dec 2006 05:40:24 +0000

I do eliminate some of the outliers, though I’m not disputing there are still bogus entries on NetworthIQ. For the categories with a good sample size (i.e ages under 40 with sample size greater than 500), I think our medians are a pretty good indicator. The overall median has barely budged over the last year at around $78k. But again, it all comes down to sample size.

I wouldn’t be surprised if the Claritas number didn’t include primary homes, because that $400 net worth for sub 30 year olds can’t be right.

By: Terry Piatt

Terry Piatt — Tue, 19 Dec 2006 23:20:09 +0000

Nick – is it pretty easy to accumulate wealth when you earn $15K and have student loan debt?

By: Terry Piatt

Terry Piatt — Tue, 19 Dec 2006 22:29:49 +0000

I am 50 and I have less than $400 to my name. My annual income of $15,000 might have something to do with that.

By: Nick

Nick — Tue, 19 Dec 2006 01:31:53 +0000

These net worth figures are rather bogus. I see all types of numbers given, and its not a surprise considering its very difficult to figure out everyone’s net worth. And these figures above are probably a little on the low side, with all the housing and stock market appreciation and robust job market since the 80s, its pretty easy to accumulate wealth these days. So many people i know in there 20s have 6 figure net worths and they don’t even care much about personal finance.

By: Jason

Jason — Tue, 19 Dec 2006 00:05:14 +0000

You have to wonder how much the

By: Flexo

Flexo — Mon, 18 Dec 2006 22:15:02 +0000

NetWorthIQ doesn’t eliminate out-of-place statistics that skew the result, while a true statistical survey might.