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Old 04-03-2012, 12:20 AM   #1
resikel
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How Much Is Your Net Worth?



This infograph got me thinking. Personally, I probably have more than half of 2009 65 and over at the moment, and that's not really enough but I'm a late bloomer. And hopefully in the coming years I can be more aggressive with my money and build up more net worth, baring unforeseeable disaster.

But it's kind of shocking seeing the 35 and Younger demographic having so little. And even here, I know some of you have barely two nickles to rub together.
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Old 04-03-2012, 12:39 AM   #2
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...not enough for what? X-Wing Fighter ownership? seriously, what the fuck are you on about?
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Old 04-03-2012, 12:46 AM   #3
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...not enough for what? X-Wing Fighter ownership? seriously, what the fuck are you on about?
Hmmm...weird. One would assume net worth.
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Old 04-03-2012, 12:52 AM   #4
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I stopped counting after the first million.
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I think it's the collective form of the noun, actually.
"What's an anonymous group of assholes called?"
"An Internet."
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taint = slippery slope

Got it. Thanks.
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Old 04-03-2012, 01:00 AM   #5
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I stopped counting after the first million.
A million rupees is like $19,539.50 US dollars.
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Old 04-03-2012, 01:15 AM   #6
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I'm worth close to $10,000, all of it inheritance. Without it, I'd be worth about - $2,000. While this probably isn't a great average example, I'm in my late twenties and should be essentially broke. The future looks brighter, but not for at least a few years. It can be...depressing at times.
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Old 04-03-2012, 01:34 AM   #7
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Hmm, I'm in the under 35 and under bracket but not too far off of the 65 and up. I've been very careful to avoid debt when I can, which is why I have a tiny car and am not a homeowner. Unfortunately that will change when I finally start to build, since the costs for that are astranomical here at the moment.
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Old 04-03-2012, 01:42 AM   #8
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Old 04-03-2012, 01:55 AM   #9
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All I really own is a truck that doesn't work. I have no value.

Fuck.
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Old 04-03-2012, 02:18 AM   #10
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A million rupees is like $19,539.50 US dollars.
A million Indian rupees. At the current rate, it would be just shy of 11k.


But I was speaking in dollar value.
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I think it's the collective form of the noun, actually.
"What's an anonymous group of assholes called?"
"An Internet."
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taint = slippery slope

Got it. Thanks.
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Old 04-03-2012, 03:23 AM   #11
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Right now I ain't worth the electricity it took to type out this post.

I actually had this crazy idea before winter of posting a website and making it into a sort of profile of me. It could then have a spot where people could make a small donation if they wanted too. I admit I am a more then a little curious to find out what could come of it. Obviously everything in the profile would have to be 100% true or it would be game over from the very start.
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Old 04-03-2012, 03:25 AM   #12
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A million Indian rupees. At the current rate, it would be just shy of 11k.


But I was speaking in dollar value.
Do you own a Colonel?




If I can find that Sobe bottle full of change I will increase my personal worth like 300%.
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Old 04-03-2012, 03:36 AM   #13
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Above average apparently!
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Old 04-03-2012, 05:51 AM   #14
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Above average old people it seems.

Alas my girl has be beat hands down (Muddi too). All I need to do is marry her and plan the 'accident'....
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Old 04-03-2012, 05:59 AM   #15
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You are dating Pippa?
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COG Finished Games 2012, Now with 25% more epeen padding!---Thread

Quote:
Originally Posted by Jeffool View Post
I think it's the collective form of the noun, actually.
"What's an anonymous group of assholes called?"
"An Internet."
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Originally Posted by pronounconnoun View Post
taint = slippery slope

Got it. Thanks.
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Old 04-03-2012, 06:06 AM   #16
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You are dating Pippa?
Just her rear, the rest comes attached though....
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Old 04-03-2012, 06:15 AM   #17
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I'm worth negative.
With two sets of undergrad degree loans and the graduate degree loans I'm working on, I'll be worth negative for...ever...
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Old 04-03-2012, 06:32 AM   #18
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I wouldn't worry about net worth too much to be honest. I don't even know what mine is, but far too many people put stock in such things. For analytical purposes such data is useful, but individuals judging their 'worth' based on net worth has always seemed a mission in fruitility and depression for many I see.

Personally I would say those stats can be rather misleading too. Given that you accumulate the majority of your net worth over the decades, you will always end up with a larger amount towards the tail end of your life. With property price increases the older generate can see their net worth increase through no effort of their own. Meanwhile with lack of housing the younger generations aren't paying their incomes into owning homes and equity, or with unemployment aren't able too.

It's a nice bit of social commentary, but really isn't a huge surprise.
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Old 04-03-2012, 06:34 AM   #19
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I'm doing very well. My wife & I are both 36 and we beat the 65 numbers with 401K's alone. Half equity in my home and no debt other than house & truck payment which will be gone this summer.
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Old 04-03-2012, 06:59 AM   #20
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Quote:
Originally Posted by Narradisall View Post
I wouldn't worry about net worth too much to be honest. I don't even know what mine is, but far too many people put stock in such things. For analytical purposes such data is useful, but individuals judging their 'worth' based on net worth has always seemed a mission in fruitility and depression for many I see.
Yeah, and runners that come in second place say that the race is just for fun, too.

In seriousness: that 2009 number for "35 and under" is sad. I find it hard to believe. Surely - after all the hate against megacorporations and old rich people - there are still some go-getters in our generation. Surely. After all, three out of four young Americans didn't move back in with their parents, right...?

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I'm doing very well. My wife & I are both 36 and we beat the 65 numbers with 401K's alone. Half equity in my home and no debt other than house & truck payment which will be gone this summer.
Nice! We're on our way to being in a comparable situation - about three years or so behind you. Security is an indescribably good feeling, especially with two rugrats in the house.
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