Here’s the average net worth by age in 2019, according to the same survey:
Younger than 35: $76,300
35-44: $436,200
45-54: $833,200
55-64: $1,175,900
= = =
I say that average is not a good measure. One billionare in an age group will raise the ‘average’ a lot.
How about median net worth?
I’m in the bottom half that makes the top half possible
The result of the economy coming roaring back was inflation.
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Inflation was caused by the government dumping money into the economy. Actual production does not cause inflation. If anything, production results in decreased pricing.
Rich is thinking Biden is the ‘real’ president. As in, That’s rich.
Rich people pay off their debt and are content with what they have.
Got little money. OTOH, own a very overpriced old house near the beach in SoCal.
So maybe my kids will be “rich”?
More than you already have.
I was in the top 5% then congress spent $4.6 trillion and tanked the economy. My stock is down more then 50%.
It will go back up but not with the spend thrift congress and the corrupt democrats blocking recovery.
For those concerned about being rich, I suggest reading C.S. Lewis's "Mere Christianity" (that's a link to the pdf-it's free!). This book is a logical examination of Christianity that atheists and agnostics will find particularly interesting because it discusses each and every concern/complaint they have about Christianity.
For those not familiar with Lewis, he was an Oxford Don and atheist when he decided to examine Christianity to see if it made any sense logically. This book pretty much takes a reader down that path.
Anyone who thinks they have examined Christianity sufficiently to dismiss it will be challenged when they see how deeply Lewis has dug. He doesn't push or encourage anyone to accept or reject Christianity. He merely presents his findings.
As an aside, Lewis is a Brit who served in the trenches in WWI. He's seen the bloody side of life.
To Democrats rich is anybody with a job.
Years a go the UN (ugh) said the average very wealthy person worldwide is anyone worth over US$10,000. The merely well off are anyone who has change in their pockets.
When Jimmy Carter was running for his first term, his popular motto (among the left) was ‘Vote for me and together, we’ll get the rich!’
When pinned down to define ‘rich’ he said it was anyone making over 15k a year. That group and above were the people he was going after. After some whining by the target group, he amended the bracket to 19K. With the help of the media, the whole topic was quickly buried.
Rich is what you make it, money is only part of the equation.
Inflation happened because the economy came roaring back. Who knew?
Well, I made the top 5% but it is an illusion. It’s all in retirement accounts which get taxed at my income level which will be high due to pensions. I should have been maxxing Roth accounts.
My mother went through $500k in 22 years. That was a lot of money in 1991
I am comfortable. I have what I need and I don’t want much more.
And I don’t get worked up about others having more.
God has blessed me by allowing me to survive some major ordeals.
Am I rich? In my own way, yes!
Is this individual wealth or household wealth? Do you multiply these numbers by two for a husband and wife?