Net Worth by Age Calculator for the United States

Ever wonder how your net worth stacks up with the rest of your age group in America?  We made a calculator using Federal Reserve data - merely enter your net worth and the age range of the primary earner in the household to see which net worth quantile your net worth puts you in for your age group! Once you select your inputs, we will graph all … [Read more...]

The DQYDJ Weekender, 2/28/2015

Welcome to another rousing Weekender - our recurring special where we send you off our site to other interesting pieces around the web that you may not have seen.  (Come back... promise?) Links We Liked! First, we want to share our friend Robert's (of The College Investor fame) list of top investing blogs.  We're humbled by the inclusion and … [Read more...]

Can an Average Income Person Gain an Incredible Net Worth Through Investing?

Can we expect folks with average or below average incomes to be able to amass a sufficiently large financial nut in retirement? Financial sites like to stress that good decisions over a sufficiently long time lead to very good results. Applied to your retirement, that means small savings sacrifices over a long career compounded at a reasonable … [Read more...]

The Aspirational Class: How Many Accredited Investors Are There in America?

We estimate that 8.25% of all American households - or roughly 10,108,811 households - count as Accredited Investors. (As of 2013, calculated using Federal Reserve SCF microdata). Furthermore, we estimate they hold about 70.28% of all private wealth in this country, or a whopping $45.5 trillion. But, let's back up for a second, for everyone … [Read more...]

The DQYDJ Weekender, 2/21/2015

It's a conspiracy - I was trying to write a new calculator on the Macbook and I got the dreaded "white screen of death" (it's restoring from backup as we speak).  So, yeah, I'm writing this entry on the PC - I've got to be careful or I'll fall back in love with this huge monitor... Links we Liked! At Philosophical Economics - an excellent look … [Read more...]

Average Drawdowns of Wealth for American Retirees

This article is an attempt to look at the drawdown of wealth for American retirees, strictly by looking at net worth data for heads of households with age ranges 65-69, 70-74, 75-79, 80-84, and 85+.  This data was computed using 2013 Federal Reserve SCF data from the Federal Reserve. After Retirement, How Do Americans Draw Down Their Wealth? In … [Read more...]

Is the NASDAQ Back to Its Record High Yet? (2015 Edition)

If Yahoo! Finance can be believed (yes), then the NASDAQ is approaching its all-time closing high of 5048.62, which it reached on March 10th, 2000.  However, that doesn't really tell the whole story - the last fifteen years have been filled with dividend payments making today look 'better'... but have also been filled with inflation, making today … [Read more...]

The Net Worth of Different Age Groups in America

In this article, a continuation of our American Net Worth series, we explore the net worth it took to be in the 10%, 25%, 50%, 75%, 90%, and 99% (the 'one percent') bracket in 2013 for American Households headed by 18-24 year olds, 25-29 year olds, 30-34 year olds, 35-39 year olds, 40-44 year olds, 45-49 year olds, 50-54 year olds and finally 55 … [Read more...]

The DQYDJ Weekender 2/14/2015

Happy Valentine's Day!  We love our readers so we're here, of course, to send you off our site to some other sites and articles that we enjoy. Ironic how these weekend things work, isn't it? Links We Liked! I'm in a "data breach" sort of mind, so first up is an oldie-but-goodie from the PoPs on Mrs. PoP's experience with identity … [Read more...]

The Absurdity of Social Security Numbers

Well, not the absurdity of Social Security Numbers themselves.  The absurdity of Social Security numbers as used in our credit system - although I can't quite come up with an alternative in my current state of mind. As you may have guessed, this is a bit of a rant post; my immediate family counts as three of the eighty million people who had … [Read more...]