Posted on 10/08/2019 9:21:08 AM PDT by SeekAndFind
See where you fit on the money accumulation curve.
If you are curious about whether you are keeping up with the Joneses, our calculator will help.
Open the Google Sheet document. Make a copy. Insert your net worth. The spreadsheet will tell you where that ranks you among 128 million U.S. households. Wealth Calculator Google Docs
Wealth calculatorForbes
You need just shy of $1.4 million to be in the top 10%. To be a one-percenter, accumulate $10.2 million.
In this ranking, wealth includes home equity (often excluded in discussions of millionaires). It does not include the value of pensions, annuities or future Social Security benefits.
The calculations are based on: the 2016 Survey of Consumer Finances; estimates of population growth, asset appreciation and inflation in the past three years; the pattern of wealth distribution uncovered in the Forbes Billionaire and 400 reports, and hunches about how many rich people escape detection by our Rich List investigators.
Understand that there is a fair amount of uncertainty in this or in any assessment of wealth. The fed surveyors may or may not get an honest figure for how much a $400,000 household has in home equity and 401(k) accounts. They assuredly do not get representative and candid answers from $40 milllion households, especially about the value of artwork and offshore investments.
As for the missing billionaires, there are probably none at the $20 billion level but enough at the low end to affect the shape of the wealth curve. Bear in mind that mere suspects do not make it onto published lists and that sometimes a sale or stock offering causes a previously unsuspected candidate to pop into view.
(Excerpt) Read more at forbes.com ...
I’m in the ( 1 + j ) percent.
if i filled that out they would send me a sympathy card and $10 dollars
At least your imaginary wealth is positive ...
Entering your net worth into a Google Sheet document is not something I would recommend.
And I suspect that you have some education in electrical engineering.
Are the Dims offering FREE ice cream yet?
Like I would log on to google and “download” one of their spreadsheets and put real numbers in.
Who would give Google their financial information? Every Nigerian will know where the most gullible scam targets are.
#me2
It’s a TRAP. Google is hosting that spreadsheet. Do you want Google to know about your income/assets?
Even if you copy the spreadsheet it is still hosted on Google with all the code. Do you know what is behind the code of the spreadsheet?
Google or Forbes is not your friend. They put that out there to collect data.
Just to save some time, you’re not in it. People in the top 1% do not spend their valuable time doing this (or reading Forbes, for that matter).
Lol! Pretty sure my net worth is negative or pretty close, I have about $50k open in equity on my house but owe $50k in auto loans and credit card debt. Livin’ the dream baby, livin’ the dream!
open google, give income
seems harmless enough /er
lol
I just missed it. If only I had picked up that penny..
Not a problem. I put about 50 different values in just to see various results all the way from 10,0000 to 100 million. That data does them no good whatsoever. I imagine many others are doing the same.
RE: Home equity and 401(k) balances are subject to fluctuation so probably not the best indicator of net worth.
So, how’s Elizabeth Warren going to implement her “Wealth Tax” with this?
I put in $10 billion and signed it “Donald Trump.”
MAGA!
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