What is the ratio of your household's net worth divided by you household's last year income compared to peers your age?
I chose the average instead of the median because that is a higher bar, skewed by wealth accumulators.
Code: Select all
2010 Averages (pages 8 & 17)
Age of head Income Family Net Worth Net Worth/Income
< 35 $47,700 $65,300 1.4
35-44 $81,000 $217,400 2.7
45-54 $102,200 $573,100 5.6
55-64 $105,800 $880,500 8.3
65-74 $75,800 $848,300 11.2
75 or more $46,100 $677,800 14.7
Income: All pre-tax sources: wages, dividends, capital gains, alimony, etc.
For this poll, look at households with the same head age, and calculate your net worth/income as a multiple of the average. For example, if you're 50, had an income of $100,000 last year, and have a net worth of $1,000,000 - your net worth/income is 10.0 and you are 1.79x above the average of (10.0/5.6 = 1.79).
[EDIT - Ack, I accidentally 2007 net worth numbers. Now corrected with 2010 net worth numbers]