Net Worth of High Achieving Full Time Workers in the United States

If you recall from our series on the Current Population Survey, we concentrated quite a bit on a peer group that will seem quite familiar to folks who generally read this site - that is, people with full time jobs and a degree in something.  As that's the demographic which most frequents this site (and since you're a reader, you probably agree...), … [Read more...]

Can You Trust Your Favorite Financial Writer?

Recently, Yahoo Finance covered an inspiring story about a 27 year old financial blogger who had already eclipsed one million dollars in net worth.  That blogger gave all the right advice - invest early, sacrifice in the present, live below your means, and (if you can) reach for those high headline numbers of savings rates - 50, 60, or 70%. Of … [Read more...]

Net Worth in the United States: Zooming in on the Top Centiles

Ever since the 2013 Survey of Consumer Finances was released (in September of 2014), we've been looking forward to zooming in a bit closer to the numbers in their (much appreciated) release of microdata.  Once we wrapped our head around how they have 5 imputations to turn 6,026 data points into 31,130, then further remove 11 ultra high (read: … [Read more...]

How Early Could You Have Called an Overbought Stock Market?

Although the passive portion of my portfolio remains the same (with some accounts, such as the HSA and 529s still actively having investments added), I've been shuttling all my active accounts to cash since January (while keeping the stocks I do have in place).  Suboptimal?  Yes, and if I see an opportunity to get in on something with reasonable … [Read more...]

The DQYDJ Weekender, 11/15/2014

Once again, I'm impressed by the number of new subscribers there are to welcome... so, welcome! You know what 'they' say, "it's better to spend years searching for a good financial site than to spend years reading the wrong one." ...or something like that. Links We Liked! At Budgets are Sexy (where I didn't activate a link last week), a … [Read more...]

The 30 Year Mortgage and Housing Accessibility

Last time in a real estate piece, we talked about the historical homeownership rate in the United States, since we were able to get data back to the 1890s. This time we'll reach back just as far, but we'll also discuss the mortgage status of homes. Even though we don't have the resolution to discuss the actual mortgage "innovations" which may have … [Read more...]

Guilty Until Proven Innocent: Spotlight on Asset Forfeiture

The Washington Post has recently been writing some very hard-hitting articles on an increasingly prevalent crime-fighting trend's expansion to... well, something-other-than-crime-fighting, but you be the judge. Asset Forfeiture is a legal tool that lets the government preemptively seize assets of individuals suspected of being involved in a … [Read more...]

The DQYDJ Weekender, 11/8/2014

Argh - my fantasy team is 4-5 and two recent losses came while being the second highest scoring team that week.  It's way more fun to lose big then to beat the rest of the league... wish me luck tomorrow! In case you missed it, we're trying to get to word out on our "Income Quantile by Age" calculator - so take a look if you haven't … [Read more...]

Historical Homeownership Rate in the United States, 1890-Present

In response to a question on our real estate post of last week, we decided to try to mine the internet for data on homeownership rates before the series we presented in that article started in the mid-1960s.  We found them buried in a recently digitized Census Bureau report from the 1970s(!), helpfully indexed and searchable at the University of … [Read more...]

A Calculator: Income Distribution by Age for 2013 US Data

This calculator crunches income quantile data for 2013 United States data for every single age (by year) from 18-80, to report incomes for every quantile from 1 to 99.  If you enter an income and age in the form, it will report which quantile that income fell into and produce a graph of all incomes for that age. When the graph is rendered, you … [Read more...]