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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.
That article is about Net Worth in 2025 (next year). And net worth is all about liquidating your estate after you pass away, so definitely include realistic cash value estimates for all jewelry and artwork.
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%.
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...
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)