How Does Your Net Worth Stack Up?

Contributed by mm | August 12, 2004 07:16 AM PST

Flexo is another blogger who tracks personal finance news and regularly shares his progress in personal wealth building. I was led by Flexo's Consumerism Commentary to this helpful article on net worth stackup from CNN Money.

The article, based on December 2003 data from Claritas Market Audit Survey, provides some good data points for everyone to digest:

In General

- 31% of households have a net worth below $25,000
- 11% have a negative net worth
- Median net worth for all U.S. households: $100,894
- 11% have a net worth of $500,000 or more

Median Net Worth By Age

Age	Median Net Worth
Under 25	$ 900
25-34	$ 15,000
35-44	$ 94,250
45-54	$ 163,334
55-64	$ 217,475
65+	$ 199,458

Median Net Worth By Income

Income	Median Net Worth
Under $25k	$ 12,500
$25k - $49,999	$ 75,000
$50k - $74,999	$ 168,450
$75k - $99,999	$ 240,204
$100k - $124,999	$ 323,650
$125k - $149,999	$ 377,700
$150k - $199,999	$ 452,286
$200k - $249,999	$ 536,158
$250k +	$ 762,479

How does I stack up? My net worth is ten times higher than the median of my age group, but only half of my income group. That is to be epected because I am still very early in my career and wealth building.

Also from the article, excluding primary residence, there are 10.5 million households possess a net worth over $500,000. If my journey is on track, I should be able to join them in a dozen years. :-)

This post has 1 comment. Read and share your opinions.

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Comments

>>> EH_Guy Commented on August 13, 2004

Ten years is a big time span, enough to create substantial net worth. My family's net worth is *only* double the Median Net Worth By Age value, but we're at the very bottom of one of the age categories.

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