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Registered
Join Date: Jul 2005
Location: southern RI USA
Posts: 1,513
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Legion
I'm not surprised. I just turned 29, and the median net worth for the 20-29 age bracket is $7,900...and the average net worth for households under 35 is just $11,400.
To be in the top 25% net worth for 20-29 is only $36,000...but top 10% for my age bracket is ~119,000. And yikes, CNN money says median net worth for my age is a whopping $2,125.
I think that student loans and credit card foolishness are significant factors in the low-skewing results for folks my age. Also, people wait way too long to start IRAs/401ks etc.
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just my $.02
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Sepia brown 1971 911T.
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