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Are You Rich?

January 7th, 2024 at 07:03 am

I found this really interesting interactive article in the Washington Post - Are you Rich?    I hope this link worked.  If not, here's the link to copy and paste. https://www.washingtonpost.com/business/interactive/2024/are-you-rich-american-wealth-net-worth/?fbclid=IwAR3HXcCb5xnufXwSrBIi5ZqDoxXlk_0AhaDGLB71xS-gaghokhNXeSi_sz8 

 

My net worth is higher than 86 percent of American households, more than four times that of the typical American household.

My household’s net worth is close to the middle for households like yours. 

Compared to households like yours, you have a very low income and a net worth near the middle.

You hold a greater portion of your assets in retirement savings and a smaller portion in cash, your home and investments than the average household with similar levels of wealth.

I feel pretty proud of that. 

 

Posted in Personal Finance, Retirement, Saving Money | 4 Comments »

4 Responses to “Are You Rich?”

  1. Kym Fisher Says:
    January 7th, 2024 at 03:25 pm 1704641145
    1704641145

    "Your household’s net worth is higher than about 65 percent of households like yours."



    Yea! I guess.

  2. rob62521 Says:
    January 14th, 2024 at 07:46 pm 1705261566
    1705261566

    I think it depends on where you live. I wanted to read the article, but not enough to give them my email. But going back to where one lives. I live in Central Illinois and the cost of living is far less than other areas of the country. Am I rich? Well, probably not, but comfortable. If I lived in a big city, I'd not be close to being comfortable.

  3. terri77 Says:
    January 14th, 2024 at 10:42 pm 1705272164
    1705272164

    Rich in spirit maybe. I definitely have more than most my age, but it’s pretty much all allocated for retirement so it doesn’t feel accessible.

  4. LivingAlmostLarge Says:
    January 16th, 2024 at 05:19 am 1705382377
    1705382377

    probably. but where we live is a hcola and we've never lived somewhere lower. You need a lot to retire in these places and that means that the average person has a higher nw than other parts of the US

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