/biz/ - Business & Finance

>>58323810
yea why

>>58323819
Yes

>>58323810
Not even close

>>58323810
32 years old, 33 next month and sitting at around 115K worth. Not including my house, which I never plan to sell anyways. Just including crypto + what's in my bank. Pretty sure my 401k has pretty much nothing in it. Around 95K in crypto.

>>58323810
Yes
>weathier than 75% of people 20 years old than me
>this is household too and not single individuals so on the individual level it's even higher
grim

>>58323810
>31 in texas and only worth 350k
why tf did i only invest 20% of my paychecks into crypto and the rest into a well balanced portfolio i will be poor forever

>>58323810
top 10% 18-24

top 10%
eoy will enter top 5% and never return
>t. 23

>>58323810
>27
>Only about 160k or 170k
It's fucking over

>>58323810
Top 5% 18-24

>>58323844
you are a retard your house is an asset that counts towards net worth

>>58323810
>take out a mortgage
>less than 0 net worth
:v)

>>58323810
Holy shit thats a lot
Thats like 5 times the german stats

>>58323810
If I move to Thailand where my money is worth three times as much, does that mean my networth is 3 times more.

>>58323810
They really should add an asterik

*doesnt count if you have it all in crypto you fucking loser get a job

GET A J.O.B.

>>58324039
>your asset class doesn't count because it le hecking doesn't ok

Yes

>>58323810
This is household net worth tho, not definitely individual net worth

>>58324010
your spending power multiplies by around 3x, yep

>>58323810
that's household net worth.

>>58323810
How the fuck

>>58323810
>only the top 5% of 50-54 year olds can retire
>only the top 10% of 60+ year olds can afford to retire
i dont believe this chart for a second.. how the fuck would anyone retire? the median 70 year old only has $300k aftet working their entire life?

>>58324479
debt

>>58324517
They retire off social security
You also don't need 3 million to retire, though only like top 25% are somewhat comfortable

>>58324529
social security, ok so they scrape by on $2k/mo, never go anywhere or on vacation and eat cheap. then what happens when they have to go to assisted living or a nursing home? that shit costs $5-10k/mo. you have to plan in advance for that
also you expect me to believe 1/2 of people contributed nothing to their 401k their entire career?
id MAYBE believe this chart if this was just cash/investments only, not house, but it says net worth. so most people dont own a house either by 70? was this chart made in 2005?

>>58323844
I have that much at 22

>>58324548
>also you expect me to believe 1/2 of people contributed nothing to their 401k their entire career?
Most don't, you can check the stats
>social security, ok so they scrape by on $2k/mo, never go anywhere or on vacation and eat cheap. then what happens when they have to go to assisted living or a nursing home?
That's "retirement". They have assets and don't need to work. I never said it was a desirable retirement

>>58323844
include your house equity duh? also how the fuck does your 401k have nothing in it? aren't you working?

>>58324560
so where's all the people dying on the side of the road because they could only afford 2 years of assisted living?

75% not bad.

>>58324570
Only like 5% of the elderly live in assisted living. Most live in their homes off social security and whatever investments they have.

You're telling me 5% of people ages 18-24 have a net worth north of $400k? Maybe in jew york but not anywhere else in the world

>>58324588
I do but I inherited it

WHAT DID THEY SPEND ALL THEIR MONEY ON? if it was their mortgage, then their house value should be part of their net worth

$50k/year
= $3k/mo after tax
$1.5k toward mortgage
$500 for insurance, etc
$500 for groceries etc
$500 savings
=
$6k/year savings, invest into s&p 500 at 7% / yr
= $1m after 30 years, + $300k for house value, should be $1.3m for modest retirement net worth. am i missing something? maybe this chart was made right after the 2008 crash

>>58324602
you can adjust up and down however but almost never do you end up with $300k

>>58323810
you should do it with personal income more than households.majority of housholds have dual income

>>58324602
The average savings rate is 5%
Half of Americans don't own any stocks
You vastly overestimate the intelligence and financial literacy of most people

>>58324588
Household dumbass

>>58324601
Even then, you're a major outlier. People's parents aren't dying at that age (or at least not the ones who have a lot to pass down) and grandparents start to die off then but there is no way in hell that all these people are inheriting that significant amount of money if anything at all

>>58324627
Does that include parents if you're living with them? What a gay chart

>>58324629
I inherited it from an uncle who put me in his will instead of my parents. It's a long story. He died at a young age when I was a 8.

>>58324638
obviously not, it can only be households of people around that age otherwise it would be much higher. but putting a household chart is retarded. we want personal wealth

>>58324625
i just googled this - the average american 50 year old has $550k in their 401(k). so yes this chart is fake and gay like i suspected

Why is household wealth a better indicator of standard of living? Why not just individuals 18+?

>>58324678
>average
you need to check the median

>>58323810
>30-34 category
>Jan 1st 2024
>Bottom 10%
>Today
>Top 10%
Thanks Apu

>>58324678
>mean
Check the median.

>>58324656
you killed your uncle when you were 8? that's pretty based

>>58324688
you went from 15k in debt to 500k?

>>58324698
Nah he was extremely unhealthy. He earned over six figs and had a million dollar life insurance policy on him. In his will he divided it up evenly among his sister's (my mom's) children, there were 3 so I got a third of it. Nobody else was listed on the will. Court fuckery took a decent amount of it. He died in his late 30s because of overwork and a heart attack when I was 8.
By the time I turned 18 and gained access to it my portion was worth over 400k. Parents wanted the money to go to them instead but the will stated it was exclusively for us.

>>58324707
It was 30k debt to be exact but yes it's been a wild 4 months, and just for clarification my crypto balance on Jan 1st was 2k and was all of the money I had left.

>>58323810
Grim

>>58323810
That chart has to be at least a decade old.

>>58323810
The 5% on that chart is in debt.

I'm in the 80%.

>>58323810
I was easily top 5% when chainlink ticker link wasn't as shit as it is now. Now I'm barely top 15%.

>>58324904
fuck yeah, this is a great story
you deserve every cent
I'm still a poorfag but hold a small apu bag

>>58323810
>40%
it's over

>>58324737
did you fight your parents in court to get it?

>>58323810

>80th percentile

Fuck man. I made too many mistakes in life

>>58323810
if I include my parents properties then yes
personally I don't own anything

>>58323810
>27.5th percentile

>>58323810
>>58324239
If I live at family home do I count parent's house and retirement account? I'm 30 and have ~90k, but theyre 65 and have 900k + 800k house

>>58323810
My net worth was literally zero when I was 24 and fresh off the boat. A couple decades later, I'm fairly solidly in the 1%, thanks in part to the high paying jobs I was able to steal from hard working Americans.
That's right, all the stereotypes about scrapy immigrants coming over and doing better than you lazy natives were true all along.

>>58323810
im top 10%, would have been top 5% if i didnt sell my crypto

>>58323810
85th percentile

But I live outside the US so probably top 5% in this third world shithole

>>58323810
>go from 95% to 85% because I advanced to the next group.
Feels bad man

>>58323984
Its still a liability until your mortgage is paid off. Most stats also specify excluding 1st house from net worth calculations

>28 years old
>net worth as an individual is ~800k AUD (520k USD)
Chart seems like complete bullshit to be honest. I could accept that by net worth I’m probably above the average for my cunt. But I would say that a good third of people that I meet around my age are very clearly better off than myself. My daily driver is an Accord wagon that I bought for $6k, I live in a two bedroom apartment, and wear clothes for a decade until they’re threadbare and have holes in them.

>>58326359
>on 4chan as a 40+ year old
You have failed as a human being

>>58326786
Color me curious. What would be a good age for one to use 4chan without being a failure? Or is this just a convoluted of asking your age?

>>58323810
>am already on top 5% of the highest net worth bracket of the whole chart
>not even half of the required age
now what ?

>>58326638
what in the flying fuck are you talking about? what kind of net worth related stat would not include the portion of your house which is paid off?

funny i keep bouncing between 25-45% in this month alone because of one trade. i sold be solidly above 75% in a couple months.

>>58323810
Yep, but I'm just about to level up in the age range so that means I'll get even richer, right?

>>58327315
He means mortgage debt you FUCK. Almost all of the people in the 30's range would be hundreds of thousands negative if that was the case

>>58323810
>household networth
why dont u post more retarded stats next thread

>>58323810
>be me
>34
>tried to make it all back trading leverage
>eventually lost 300k
>now 10k in debt, starting a job in May that pays well above my means
>have 300 in bripto, put it all in APU couple days ago, 2x
kek should I dare to get my hopes up?

>>58323810
bottom 5% because im renting most my place out to a bunch of broke fucks that I milk for every penny they earn. and thats a good thing

>>58326027
sergey went from top 0.1% to 0.01% and thanks you for your donation

>>58324479
you think blacks have money? lmao no

>>58326466
Same thing will happen to most people here when crypto crashes again.

>>58323810
No. From 16 until 21 all I did was smoke weed, try to find/buy mushrooms and play video games. Did not care about saving money in any meaningful way.

By God's grace I am still here and in the top 15 percent on this chart.

>>58323810
This is biz. We are all in the top 0.0001%

>>58326039
They never tried to fight in it court but they always thought it should have gone to them instead of me. My uncle didn't have any family outside of them.

>>58323984
Yeah but you should only include the equity you have in it. So many dipshits add 450k to their networth even though they only have 110k equity

>>58328942
Forgot to include mine.

It's over

>>58323810

10 years ago my wife and I were around 40. today we're just above 90. it's been a good 10 years. long way between 90 and 95, though!

>>58323810
You can tell they used "average" instead of "median"

>>58329135
Are people really this broke?

>USA DATA
Most of the world isnt the US so none cares about that table

NGL I assume this is bullshit, my age range 25-29 the average would be like 40-45k according to this?
That's just not real. Most people my age have tons of college/credit card debt being net positive 1-10k would surprise me on average. How the hell do they get these numbers?
This has to just not be factoring in debt

>>58329261
As previously stated, the AVERAGE is always driven up by the extraordinarily wealthy. You want to look at the mean or median, which is much lower.

>>58328942
>>58329019
Yeah I don't consider your own house to be part of your net worth. It's not exactly something you can cash out on (you have nowhere to live). I would include real estate property though. If you remove home equity from my most people's net worth it plummets.

Top 10% 35-39

On track to break top 5 within a couple months if things continue.

>>58329371
I sold my paid off house last year to move in with my mom and buy dogecoin. Am i winning, seriously, I can't tell.

>>58323810
Nope, not even close. 25, currently sitting at 60k, and wasting my time playing p2e games and putting more and more money on those. Next month gravity labs is releasing, i'll probably put 30k on that one as well, if im going up or down, im going gaming

>>58323810
>30-34
>$10 net worth
2 digit hell is real.

>>58323810
Bottom 5% actually
*sip*

>>58329371
Not only can you easily cash out your house, you can also borrow against its value. Of course it counts. "Nowhere to live"? You can go to a hotel on the same day.

i drop like 35% on this in one year

>>58323810
Top 15% in 25 to 29 range. I'll take it

>>58323810
>top 15% of my age group

>>58324588
A lot of inherited wealth and mini trustfund babies out there m8

>>58329221
the entire world eats our slop speaks our language and obsesses over our culture we are the only country in the world get fucked

>>58323992
That's why it makes sense for Krauts to ignore German stats and compare oneself to the burgers. It drives one to top performance.

>>58329832
Borrow against it's value and go back to paying 7% interest.
Or sell and buy another house in that neighborhood that pumped by the exact same amount of equity you had.
Home equity doesn't exsist unless you're willing to move to a completely different area.

>>58330158
I see that you are financially illiterate. My advice: read a book.

>>58324627
Household income is a cope crated by Amerisharts to convince themselves they're not poor, even though they are.

>>58324588
It is USA. Yes the rest of the world is relative poor if the metric is $

>top 25% as a 22 yr old NEET

>>58326359
Too bad those "scrappy immigrants" aren't hard working or smart enough to make their own nations liveable.

>>58329261
>NGL
>my age range 25-29
>Most people my age have tons of college/credit card debt

a braindead Zoomer, ladies and gentlemen

Is $80k for a pool a bad financial decision?

>>58332243
Absolutely

>>58323810
I don't have 1.5 millions so I guess not

>>58332243
Nope. Think of all the dick you’ll get.

>>58329750
65-69 age range too. Just end it at that point lmao

>>58332243
Emergency water supply. Could save your life.

>>58332819
Those are the folks that didn't manage to save anything for retirement and are living on social security checks with medicare/medicaid for healthcare/living aid costs.
Most states require that their bank account never climbs above a couple thousand dollars or they'll lose their benefits, so at the point the system is essentially making sure they stay at the bottom.
Shame they're too old and weak to brandish pitchforks.

>>58323810
Yes. Above it actually.

>>58323810
top 25-30%, I just turned 30 though, let me cook