Are You In The One Percent? Here’s A Wealth Rank Calculator

Forbes ^ | 10/07/2019 | William Baldwin

[SeekAndFind]

See where you fit on the money accumulation curve.

If you are curious about whether you are keeping up with the Joneses, our calculator will help.

Open the Google Sheet document. Make a copy. Insert your net worth. The spreadsheet will tell you where that ranks you among 128 million U.S. households. Wealth Calculator Google Docs

Wealth calculatorForbes

You need just shy of $1.4 million to be in the top 10%. To be a one-percenter, accumulate $10.2 million.

In this ranking, wealth includes home equity (often excluded in discussions of millionaires). It does not include the value of pensions, annuities or future Social Security benefits.

The calculations are based on: the 2016 Survey of Consumer Finances; estimates of population growth, asset appreciation and inflation in the past three years; the pattern of wealth distribution uncovered in the Forbes Billionaire and 400 reports, and hunches about how many rich people escape detection by our Rich List investigators.

Understand that there is a fair amount of uncertainty in this or in any assessment of wealth. The fed surveyors may or may not get an honest figure for how much a $400,000 household has in home equity and 401(k) accounts. They assuredly do not get representative and candid answers from $40 milllion households, especially about the value of artwork and offshore investments.

As for the missing billionaires, there are probably none at the $20 billion level but enough at the low end to affect the shape of the wealth curve. Bear in mind that mere suspects do not make it onto published lists and that sometimes a sale or stock offering causes a previously unsuspected candidate to pop into view.

[glorgau]

> If I entered my SS# and drivers’ license number, would google calculate it for me?

No, it needs a couple of your credit card account numbers along with cvv and account expiration dates. Try to be as complete as possible for maximum effect.

[coaster123]

Huh uh, according to you that was your drolly humorous answer.

You said: Just to save some time, you’re not in it. People in the top 1% do not spend their valuable time doing this (or reading Forbes, for that matter).

You addressed your comment to FR readers at large. How do you know none are in the 1% group?

How do you know how one percenters spend their time and what they read?

You said those things boldly. If your words can’t endure scrutiny then what’s your point?

[Fresh Wind]

People in the top 1% do not spend their valuable time doing this

Of course not. They hire accountants to do that.

[rbbeachkid]

Comments like this is why I sometimes wish FR had a like button.

[Haiku Guy]

I’m doing fine.

I like my house, I like my car, I have plenty of everything I need.

Why do I need to worry about the rest of it?

[Political Junkie Too]

Why are you picking a fight with a long-time FReeper over such a mundane thing as a wry remark in a finance topic involving very few people?

Aren't their meatier opinions on this site worth arguing over?

-PJ

[InterceptPoint]

SQRT(-1) is “j” in electrical engineering because “i” means something else entirely. It means the same thing in physics, but physicists manage to handle the ambiguity.
+++++
Well I could beg off on a $money is closer to math than engineering argument. But I won’t.

You are absolutely right. The Square Root of Minus 1 is in universal use in the engineering work, at least electrical engineering.

But I should be forgiven since in my third grade complex algebra class we always used i. It’s hard to break old habits. 😎😎😎😎

[NorthMountain]

My educational and professional experience spans physics, mathematics and engineering. Physics and Maths use "i" for "imaginary", EE uses "j" to avoid confusion with "i" for current. At least, I think that's why they (we?) use "j". As you note, SQRT(-1) cannot be avoided in EM field theory, or control theory, or a host of other things.

So there's no problem with your complex algebra class or your use of the terminology learnt therein. You're just speaking mathematician-ese.

[Gay State Conservative]

I see net worth as the total worth of everything that you own that has monetary value (equity in your home being one example) minus all monies that you owe to others (the balance owed on your mortgage for example).

[ealgeone]

Just enter a whole bunch of numbers.

[House Atreides]

“If I entered my SS# and drivers’ license number, would google calculate it for me?”
*****************************************
Yes but only if you also give Google your paternal grandmother’s first name, the first name of your childhood best friend and the color of your first car.

Enjoy...and ALWAYS remember, Google is your friend. ;-)

[fruser1]

Hmmm. Wonder what gave that away :)

Here’s a post I wrote awhile ago you might like

http://www.freerepublic.com/focus/f-bloggers/3771833/posts

[SoFloFreeper]

Bttt

[SoFloFreeper]

bttt

[NorthMountain]

Careful ... Sandy Ocasio might take that seriously and try to implement it.

[SunkenCiv]

Thanks PJT. Some people get their jollies that way. I’ve seen someone pick a similar fight over someone using the commonplace phrase “I’ll bet...”, and trolls like that are just not worth the time.

[Political Junkie Too]

...trolls like that are just not worth the time.

Especially when one is living on the higher end of the net worth scale. 🤑

-PJ

[coaster123]

He wasn’t wry at all. He declared false witness as truth with bold authority. It’s destructive. You tolerate that but I don’t.

Ask yourself a few questions.

[Political Junkie Too]

I'll ask myself why I bothered. You seem to be obsessive about the small things.

You've only been signed up for a year, so you don't seem to have picked up the "vibe" of this place, or you wouldn't be so uptight about it.

-PJ

[MosesKnows]

Sure, I want to tell google my net worth...lol