Wealth benchmarking

Am I in the 95th Percentile Net Worth? Calculating My Financial Standing

Do I really sit among the richest U.S. households, or is that just wishful thinking? That question drives my check of where I stand using the Federal Reserve’s latest figures. I define my net worth as assets minus liabilities. Assets include checking, savings, investments, home value, and other property. Liabilities cover mortgages, student loans, and […]

1 year ago

Net Worth Upper Class: What’s the Benchmark for Me?

Have you ever wondered how much money really counts as “wealth” in America today? I start by defining net worth clearly: it’s what I own minus what I owe. That makes it easy to compare people by percentile instead of by impressions. Many people point to $2.5 million as the mark for being wealthy. I […]

1 year ago