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Top 1% in America is $380k income and $8-10mm net worth
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Date: May 26th, 2016 11:51 AM Author: Wonderful cerise half-breed http://www.financialsamurai.com/top-one-percent-net-worth-amounts-by-age/
Seems surprising to me that 1 out of 100 people I pass on the highway is rocking almost double digit million net worth. |
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Date: May 26th, 2016 11:56 AM Author: Bronze Narrow-minded Library Invent your own dumbshit rules of thumb and you can be a personal finance blogger too. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562757) |
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Date: May 26th, 2016 1:22 PM Author: disrespectful aromatic ceo twinkling uncleanness how's Tuscaloosa? (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30563428) |
Date: May 26th, 2016 11:52 AM Author: Grizzly frozen senate old irish cottage net worth sounds too high. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562720) |
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Date: May 26th, 2016 7:55 PM Author: mind-boggling apoplectic jewess shitlib It is. It's probably about half that. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30566261) |
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Date: May 26th, 2016 11:52 AM Author: Claret Slimy Genital Piercing there are so many prole rich people out there that you would never expect. they made their money by owning things like payday loan stores and trailer parks (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562724) |
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Date: May 26th, 2016 12:00 PM Author: emerald nibblets cr (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562781) |
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Date: May 26th, 2016 12:16 PM Author: vigorous coral masturbator (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562927) |
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Date: May 26th, 2016 12:20 PM Author: Obsidian Wild Sanctuary Faggotry I represented a guy who owned a payday loan store. He bought a giant parcel of land with the idea of developing it and did no due diligence. Naturally his $800 closing attorney didn't pick up on the fact that the land was sterilized and the development rights had been transferred. Funny shit.
Dude had an entire wall in his house covered in flat screens. |
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Date: May 26th, 2016 12:22 PM Author: Claret Slimy Genital Piercing what happened to the closing atty? (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562979) |
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Date: May 26th, 2016 12:35 PM Author: Charismatic cruise ship non-trannie here. explain what you mean by "terilized and the development rights had been transferred" (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30563085) |
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Date: June 2nd, 2016 12:22 PM Author: indecent exhilarant orchestra pit hunting ground couldn't grow anything and couldn't build anything, so literally worthless to the scumbag (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607891) |
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Date: May 26th, 2016 7:29 PM Author: aphrodisiac sooty piazza tattoo (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30566060) |
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Date: May 26th, 2016 11:58 AM Author: Stirring business firm rigor These numbers sound like bullshit. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562767) |
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Date: May 26th, 2016 12:02 PM Author: Deranged Rough-skinned Preventive Strike Mental Disorder (Jealous lawyer with over $100k in student loans, MAF that despite "doing everything right," he has a negative networth ) (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562800) |
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Date: May 26th, 2016 12:11 PM Author: Stirring business firm rigor No, there is no way that 1/100 people has $8m saved. I believe the top 1% income number. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562880) |
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Date: May 26th, 2016 12:13 PM Author: Deranged Rough-skinned Preventive Strike Mental Disorder Why You so jelly, bro? Sucks u got duped into thinking getting high grades would lead you to a life of success. The real $$$ is in business. Either you can sell shit and make $$$ or can't. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562894) |
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Date: June 2nd, 2016 12:17 PM Author: appetizing azure place of business haunted graveyard (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607868) |
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Date: May 26th, 2016 12:02 PM Author: Titillating abode cuckold lol so basically these figures are just made up shit based on what the author feels like? lol ok faggots (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562802) |
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Date: May 26th, 2016 12:05 PM Author: stimulating space (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562830) |
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Date: May 26th, 2016 12:14 PM Author: bat-shit-crazy crackhouse lol, you know it's bad when TT is gaping you (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562904) |
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Date: May 26th, 2016 12:03 PM Author: Passionate saffron theater stage So the article assumes people make 1% income ($380,000) from 25 years old until they're 80? lol
Which aspie wrote this? |
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Date: May 26th, 2016 12:05 PM Author: Deranged Rough-skinned Preventive Strike Mental Disorder (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562827) |
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Date: May 26th, 2016 1:24 PM Author: Bronze Narrow-minded Library Guys in my high school were given lifetime biglaw service partner contracts right out of law school all the time. It was no big deal. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30563439) |
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Date: June 2nd, 2016 12:17 PM Author: Fluffy lettuce meetinghouse TYFT (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607870) |
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Date: May 26th, 2016 12:09 PM Author: Passionate saffron theater stage This website seems geared towards 110 IQ people who JUST BARELY resisted the urge of instant gratification (unlike their 90-109 IQ brothers and sisters who spent all their disposable income on frivolities) and opted to squirrel away some of their earnings, thereby making them SMART and FINANCIAL SAMURAIS! (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562863) |
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Date: May 26th, 2016 12:09 PM Author: Supple step-uncle's house messiness Lol at u proles (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562866) |
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Date: May 26th, 2016 12:11 PM Author: Trip Low-t Casino Even if we accept these numbers, which I don't, your conclusion that 1 out of every 100 people "you pass on the highway" are in this 1% is also false. These people cluster in a few very specific places. In the Hamptons during the summer, in Aspen over Christmas, in wealthy parts of major cities it will be much more than 1 in 100. In most of the country these people are unicorns. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562874) |
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Date: May 26th, 2016 12:12 PM Author: Passionate saffron theater stage Dude, it's 50/50. You either pass them or you don't. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562886) |
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Date: May 26th, 2016 12:14 PM Author: Trip Low-t Casino (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562908) |
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Date: May 26th, 2016 12:41 PM Author: provocative light psychic stag film (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30563129) |
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Date: May 26th, 2016 7:28 PM Author: Iridescent floppy hospital (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30566056) |
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Date: June 2nd, 2016 11:12 AM Author: dashing blue fortuitous meteor brunch (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607475) |
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Date: May 26th, 2016 12:36 PM Author: Razzle-dazzle gay wizard site Rich people probably drive faster than you do though, in their Ferraris and what not. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30563090) |
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Date: May 26th, 2016 7:02 PM Author: Trip Low-t Casino This is why I must get Tesla! (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30565854) |
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Date: May 26th, 2016 1:35 PM Author: Bronze Narrow-minded Library Today's worst critique?
It's still early, but we have a good candidate. |
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Date: May 26th, 2016 7:03 PM Author: Trip Low-t Casino Explain. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30565858) |
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Date: May 26th, 2016 12:16 PM Author: Twisted pit yarmulke The income threshold is accurate (it's from the IRS data) but net worth percentiles are very difficult to pin down. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30562931) |
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Date: May 27th, 2016 11:22 AM Author: Stirring business firm rigor Maybe overall, but I guarantee that the 99th percentile income for someone at 25 is way lower than that and the 99th percentile for someone at 55 is way higher. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30569940) |
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Date: May 26th, 2016 11:14 PM Author: Motley sticky headpube deer antler (xo 201 (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30567867) |
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Date: May 27th, 2016 12:01 AM Author: House-broken Misanthropic Toaster i've seen similar figures--net worth 1% cutoff around $8mm. maybe they are "household" figures though.
It is surprising when you think that if you are at an airport or in a big city, the top 1% cutoff would probably be much much higher.
i guess there is just a lot of wealth sloshing around. |
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Date: June 2nd, 2016 11:01 AM Author: French bawdyhouse (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607430) |
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Date: June 2nd, 2016 11:01 AM Author: French bawdyhouse Money is easy if you arent a pussy (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607432) |
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Date: June 2nd, 2016 11:13 AM Author: dashing blue fortuitous meteor brunch (safra jew) (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607479) |
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Date: June 2nd, 2016 11:07 AM Author: Wonderful cerise half-breed The top 1% being only ~172 LSAT (most here can get this with decent study time) yet $8mm net worth seems pretty crazy and unattainable for most xoxo poasters. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607450) |
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Date: June 2nd, 2016 11:15 AM Author: 180 mischievous office That's 'cause a large part of that net worth is inherited wealth (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607493) |
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Date: June 2nd, 2016 12:25 PM Author: indecent exhilarant orchestra pit hunting ground the majority of millionaires are self-made LOL at you thinking 1/200 people in the US inherits nearly eight figures of wealth |
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Date: June 2nd, 2016 12:52 PM Author: Trip Low-t Casino Your statement doesn't refute her statement. And it may be a majority but that doesn't make it reasonably accessible. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608096) |
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Date: June 2nd, 2016 12:54 PM Author: razzmatazz national organic girlfriend i'm sure self-made is a rigged definition jimmy is worth 500k at age 50 when his inheritance comes in at 700k and makes him a millionaire a self made millionaire, though, since he didn't inherit over a million jimmy is worth 100k at age 50 when his inheritance comes in at 500k. at age 60, his invested inheritance is now worth 1.3k. he's a self made millionaire who did it through prudent investing |
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Date: June 2nd, 2016 1:01 PM Author: bat-shit-crazy crackhouse millionaires, yes, but there is a big diff between $1m and $10m net worth
also, people can inherit money when they are younger and it can grow to millions.
a 750k inheritance at 30 at 6% annually is almost $4.5m at 60. If you were successful and amassed $3.5m over your career, now you have $8m. |
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Date: June 2nd, 2016 11:07 AM Author: 180 mischievous office These are household (not individual) figures, and account for adults of ALL ages.
To compare against households your own age, try this calculator: http://www.shnugi.com/networth-percentile-calculator/
For 34-35 year-olds, for example, the top 1% starts at just under $2MM net worth. Consider that much of this is probably inherited wealth, too.
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Date: June 2nd, 2016 12:27 PM Author: indecent exhilarant orchestra pit hunting ground "Consider that much of this is probably inherited wealth, too. " from where, am I such an outlier? all four of my grandparents are still alive, who the fuck would i have inherited 2MM from? and considering rich people live longer, i'd assume there aren't that many early-30s who have inherited 2MM from a grandparent |
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Date: June 2nd, 2016 12:59 PM Author: 180 mischievous office 1) You don't have to inherit millions to end up a millionaire from an inheritance
2)These are average figures and percentile distributions. The top 1% may have a very long tail. |
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Date: June 2nd, 2016 11:14 AM Author: self-absorbed keepsake machete generalized bond So, they're earning 4% on their wealth? (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607488) |
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Date: June 2nd, 2016 11:20 AM Author: Wonderful cerise half-breed Sounds fair to me, rates are like 0.5%. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30607514) |
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Date: June 2nd, 2016 1:07 PM Author: self-absorbed keepsake machete generalized bond you mean the rate that purposefully manipulated to be so low that it incentivizes you to move to higher-yielding risky assets? (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608197) |
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Date: June 2nd, 2016 12:50 PM Author: medicated foreskin brethren The net worth number is a crock put out by the Fed (via the Survey of Consumer Finances) to make lemmings think wealth is more easily attainable than it really is. They have a professor at NYU-Stern named Edward Wolff whose job is basically to promote the story according to the Fed's cooked books. The real 1% cutoff is probably a fraction of that. And don't bring up trusts, unreported cash income, private business ownership, etc. There isn't enough wealth in any of these categories, or in similar categories, to make up the difference. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608070) |
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Date: June 2nd, 2016 1:12 PM Author: medicated foreskin brethren The income number, based on tax returns, seems to me to be solid. Incidentally, the top 1% net worth cut off according to the IRS (based on estate tax returns and other information) is shockingly low. Something like 1.75 million, household not individual. (http://www.autoadmit.com/thread.php?thread_id=3234878&forum_id=2#30608216) |