September 23, 2014

A Look at Household Net Worth and Household Income By Age Group from the 2010 Survey of Consumer Finances

People Who Work For Themselves Can Make More Money

Interesting fact: Do you want a financial "A" in life?  To achieve it, and rank in the top 5% of households (making you richer than 95 out of 100 families), you and your spouse need a combined pre-tax income of $205,300 and a net worth of $1,864,100.   That is according to the triennial Survey of Consumer Finance, which was released by the Federal Reserve a couple of days ago.  It's one of the best sources of information available from any source on the health of the average United States househ … [Read more...]