February 1st, 2008 at 09:44 pm
I ran across an interesting link the other day.
You type in your age and income, and it tells you how you stack up against your peers.
It is ALARMING to see how little Americans are saving!
How do you stack up? Check it out
Text is HERE and Link is http://cgi.money.cnn.com/tools/networth_ageincome/index.html
HERE.
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6 Comments »
February 1st, 2008 at 11:42 pm 1201909358
February 1st, 2008 at 11:46 pm 1201909607
February 2nd, 2008 at 01:16 am 1201914987
February 2nd, 2008 at 01:54 am 1201917272
(& up to age 35). That is just crazy if you ask me.
MEdian net worth about $100k, based on income. (Is that all ages? Yikes!)
Not much to compete with there. I think I am doing okay. I think we passed the $100k mark around age 25. Of course my income is much higher now too, which makes those medians sound more crazy.
February 2nd, 2008 at 02:47 am 1201920421
The low net worth for 25-34 isn't really that surprising to me. When I was nearing 30, my net worth was very much below zero. I had just over $100,000 in student loans and had recently bought a house. Even with a 20% downpayment, I still owed 80% of the value. We had some savings, but not nearly enough to balance out our debts.
February 4th, 2008 at 05:45 am 1202103926