这个median net worth for the middle class hasn’t changed for decades. Conversely, the median net worth for the top one percent has performed extraordinarily well during the same time period. Let’s explore the differences further.
Although making a high income is nice, having a high net worth is more important. High incomes come and go. They are also taxed aggressively. In contrast, a properly managed net worth could last forever.
One of the best incentives to get rich today is therecord-high estate tax limitof $11.7 million per person in 2021. In other words, Americans can all pass down up to $11.7 million to our heirs tax-free. That’s huge!
We can create a generation of adult kids who end up having zero motivation or self-pride to make something of themselves! Whoo-hoo!
$11.7 million is an incredible amount to pass on tax-free given the estate tax exemption amount was only $1 million in 2003. With Joe Biden as president, there’s a good chance the estate tax threshold will decline.
个人金融的圣杯是大量足够大的净值，占据了足够的收入来充分资助您所需的生活方式。如果你不能generate enough passive incometo do so, sorry, but you are not yet financially independent.
On your journey to the promised land, it’s a good idea to gauge how you compare to others. After all, everything is relative when it comes to money. If we all have a $5 million net worth, being a multi-millionaire wouldn’t improve the quality of our lives at all.
这个Median Net Worth Of Americans
下面是来自Survey of Consumer Finances in 2019，最新数据可供2021年可供选择。美联储仅进行每年进行调查。人们可以假设今天甚至更高。
这个data shows the median net worth for the middle class, the mass affluent, and the top one percent.
- 这个Top One Percent has a median net worth of $10,700,000.
- 这个Mass Affluent (80th – 99th percentile) has a median net worth of $746,950.
- 这个Middle Class has a median net worth of only $87,140.
Let me share some analysis on each of the three classes below.
这个Median Net Worth Of The Top One Percent
回到1995年，前一个百分之一的中位数为3,734,607美元。因此，净净值价值为前1％grew by 187%在1996 - 2016年期间。这比我觉得富豪多年来富裕的富豪多么富有言论，这远远低得多。
If you stick $3,734,607 into a compound interest rate calculator, you will see that the top one percent net worth figure grows by 5.4% a year for 20 years. However, this 5.4% compound annual growth rate also happens to mimic closely the 5.6% compound annual growth rate ofthe S&P 500 between 1999 – 2008。
中位数的净值百分之一的百分比比另外两个类别更有挥发性。2007年，上涨的净值占9,578,000美元。然而，到2010年，中位数净值下降到6,658,000美元，a 30.5% decline。
If I lost $3 million in net worth in just three years, I’d be depressed. Therefore, if you have a top one percent net worth, your #1 priority should be capital preservation, especially after a 10-year bull market. A $10,700,000 net worth should be able to spit out between $200,000 – $300,000 a year with little-to-no risk.
If you have no dependents, then living off $200,000 – $400,000 a year should be no problem for an individual or couple. One can assume that most people who have amassed a top one percent net worth, if they have children, are older and have independent adults.
Aligned With The Estate Exemption Amount
这个estate exemption amount of $11.58 million in 2020 is close to the 2016 median net worth for the top one percent of $10.7 million. When we finally get the 2020 data from the Survey of Consumer Finance, the top one percent net worth will likely be at around $11.58 million.
从历史上看，现在绝对是最有效的税收时间top one-percenter。Time to get cracking.
这个Median Net Worth For The Mass Affluent
这个mass affluent class is where most personal finance readers are or aspire to be. Anybody who cares about their finances enough to read actively andlisten to personal finance topicsis usually way ahead of the middle class.
Using a 4% withdrawal rate, the mass affluent can fund $30,000 a year in gross expenses based on the $746,950 median net worth figure. Add onthe average Social Security monthly check of $1,461（$ 2,861 Max），质量富裕人数有47,532美元的毛，每年都有一年的退休金。
Much Less Volatile Net Worth
In 2007, the median mass affluent net worth was $661,632. By 2010, the median mass affluent net worth fell to $560,400. This wasonly a 15.3% decline。
In other words, the median net worth for the mass affluent fell by half the percentage amount as the median net worth for the top one percent. For those who cannot stomach volatility, being in the mass affluent class is the way to go.
If you are currently in themass affluent classthen it’s probably worth still having a bias towards capital growth rather than capital preservation. Personally, I have consistentlyinvested in growth stockssince 1995 to help boost my wealth. Dividend stocks are fine for after you’ve amassed a lot of capital.
Losing on average 15% of your net worth in a bear market isn’t unbearably painful. Continue todollar-cost average在基于现有风险适当投资的低迷中。
It’s Worth Geo-Arbitraging
虽然746,950美元won’t get you far in San Francisco, it should provide for a comfortable life in Minneapolis, where the median home price is only $267,000 and the median rent is only $1,591.
Never Recovered From The Crisis
However, if you’ve got a $87,140 net worth in your 50s and 60s, life is going to be stressful financially. It is highly likely you will need to work longer. Or you need to become dependent on government programs in addition to Social Security.
What’s most concerning about the median net worth for the middle class is that it actually2007年达到顶峰118,025美元。到2016年中位中产阶级净值的26.2％应该是每个人关心的最大原因之一。革命正在酝酿。
弄清楚如何convince people you are middle class如果你真的很丰富。
If you do not hold assets such asreal estate and stocks，您无法从资产价格中获益。它看起来像2008 - 2009年金融危机期间的中产阶级被摇动，从未回到过。
If the middle class had simply held all its assets until 2016, its net worth would have recovered and surpassed its 2007 high.
According to an ongoing Gallup poll,股票拥有率in 2016 is down significantly since the years before the recession.
In 2004, the U.S. homeownership rate peaked at 69.5%. The homeownership rate fell to a low of about 62.9% in 2016. But since then, the homeownership rate has steadily climbed higher.
这个reasons are likely:
- 抵押贷款价格continued to decline
Despite the middle class falling behind the mass affluent class and the top one percent class,中产阶级仍然是一个伟大的课程。与非美国人相比,美国middle class has a more comfortable lifestyle than most people in the world.
Most of us think of ourselves as middle class no matter our level of wealth. The reason is we adapt to what we have. Once we start comparing ourselves to others who have more, that’s when our disdain becomes apparent.
这个worst thing you can do is rent for life. Don’t spend money on stupid things you don’t need. And please invest in the stock market. Unfortunately, it seems like this is what a significant portion of the U.S. population is doing.
这个real estate market is strong on a national level. Meanwhile, the NASDAQ and S&P 500 are back to all-time highs. Meanwhile, there is still mass unemployment. The wealth gap is clearly going to widen during the pandmic.
让我给你留下最后一张图表让你仔细考虑。该图表显示了不同年龄段的中值净值和平均净值金额。我还包括了一个推荐的专栏，根据我的average net worth for the above average personframework.
这个median net worth amounts by age show that Americans are better off than what the median net worth for the middle class indicates. If you’re retiring at 64 with $187,300, you’ll likely be fine so long as Social Security is still around.
年龄的平均净值数量非常讲述。它显示了美国普通家庭技术上是百万富翁经过age 55-64. Is it any wonder why everybody wants to come to America. However, thanks to inflation, a million dollars doesn’t go as far as it used to.
这个key net worth figure to shoot for is $3,000,000 by 55-64 if you’re just starting out. After all,$3 million is the new $1 million。It may sound hard to achieve, but if you save $25,000 a year on average for 32 years and earn a 7% compound annual return, you will get to $3,000,000.
If you’re doing very well, it’s best to spend more of your income and wealth before the government comes for it. Your spending will also help the economy. Paying a 40% death tax rate is terrible.
If you’re doing just OK, it may be worthtaking more riskand working extra hours to generate greater wealth. Starting a side-hustle while having a job is absolutely one of the lowest-risk ways to try and make more money.
Even if you do nothing extra to improve your finances, know that life is still pretty great in America. Just try not to compare yourself too much with other people who have way more. Endless comparison is the thief of joy.
Recommendation To Boost Your Net Worth
跟踪您的财务状况个人资本屡获殊荣的金融应用程序。这个more you can stay on top of your finances, the more you can optimize your wealth.
I’ve been using Personal Capital for free since 2012, and it has done wonders for my wealth. Get your finances right the first time. There’s no rewind button in life!
In 2016, I starteddiversifying into heartland real estateto take advantage of lower valuations and higher cap rates. I did so by investing $810,000 with real estate crowdfunding platforms. With interest rates down, the value of cash flow is up. Further, the pandemic has made working from home more common.
Take a look at my two favorite real estate crowdfunding platforms. Both are free to sign up and explore: