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 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...]

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...]

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...]

Defending Rand Paul’s Comments on The Fed’s Leverage

As you may be aware, potential (expected) Presidential candidate Rand Paul had something to say about the Federal Reserve the other day: “They’d be bankrupt, they’d be insolvent,” he said. “[The Fed’s] liabilities are $4.5 trillion; their assets are $57 billion. Do the math. "They are leveraged 80-1. They are leveraged three times greater than … [Read more...]

Should You Aspire to be a Journalist? Incomes for Journalists, Young and Old

Making the rounds today was an excellent article on the business of being a journalist (as told to a theoretical aspiring journalist) from Felix Salmon.  Salmon recounted his own story of finding success by paying his dues at a number of smaller and - his words - dryer publications before getting his break as a blogger for Nouriel Roubini. The … [Read more...]

Methodology for my Aspiring Young Journalists Article

Welcome!  If you're reading this, you're probably one of the data-loving folks who clicked over from my article on income data for young journalists.  I wanted to put together a separate piece on my methodology, because I was interested in sharing exactly how I put together the data. Just the Facts, Jack You can get anonymized CPS microdata for … [Read more...]

The Net Worth of American Retirees

Continuing our little series on American Net Worth secrets revealed by the Federal Reserve's 2013 Survey of Consumer Finances, I figured we'd zoom into a little segment of the population where more than a few politicians have made their careers: retirees. Okay, that's a big segment.  Regardless, let's look at the Net Worths of households led by … [Read more...]

Could This Be the Wage Indicator? The Quits to Separation Ratio

In our last article on unemployment, we discussed the BLS's JOLTS survey, which attempts to characterize the job market by looking at the total supply of unemployed workers and the number of open jobs.  In that article we argued that the ratio (and its recent journey below 2.0 workers/job) portended good things for workers (more wages) and perhaps … [Read more...]

The Older You Get, The More Discipline Helps Your Net Worth

Last year, we published a mildly interesting article which stated that income doesn't really predict net worth all that well (despite what we have been told - for various reasons!). However, the problem with that sweeping generalization quickly became clear upon looking at the graph - what do we do with all the retirees?  And, additionally … [Read more...]