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The Worthometer Has Been Updated!

As promised, I’m letting you know that the Worthometer has been updated to replace the data from the 2010 Federal Reserve Board Survey of Consumer Finances (2010 SCF) with the new 2013 SCF figures that were released on September 16, 2014.

As you may know, the Worthometer is the web’s only net worth percentile gauge that incorporates, reconciles, interpolates, and averages all three major surveys of household wealth: (1) the 2011 US Census Bureau’s Survey of Income and Program Participation (SIPP), which includes up to 52,000 households; (2) the 2011 University of Michigan’s Panel Study of Income Dynamics (PSID), which surveys over 5,000 households; and (3) the 2013 SCF, which involves 6,026 households.

How much did the 2013 SCF update change the Worthometer’s readings? The answer is not much so long as your accumulated wealth doesn’t fall around the fifteenth and twentieth percentiles. Here’s a chart which reports the impact of the Worthometer’s update in five percentile increments.

Worthometer Net Worth Net Worth Dollar Percentage
Percentile With 2013 SCF With 2010 SCF Difference Difference
5 -$38,800 -$38,800 $0 0.00%
10 -$9,353 -$9,353 $0 0.00%
15 -$2,652 -$4,891 $2,240 45.79%
20 $1,116 -$983 $2,099 213.57%
25 $4,565 $4,398 $167 3.79%
30 $12,010 $12,031 -$21 -0.17%
35 $20,687 $20,896 -$208 -1.00%
40 $33,305 $33,280 $25 0.08%
45 $49,089 $48,426 $663 1.37%
50 $65,676 $64,376 $1,300 2.02%
55 $99,217 $97,611 $1,606 1.64%
60 $134,644 $132,732 $1,911 1.44%
65 $174,788 $170,836 $3,952 2.31%
70 $224,639 $220,063 $4,576 2.08%
75 $276,265 $271,065 $5,200 1.92%
80 $395,844 $388,967 $6,878 1.77%
85 $560,182 $556,299 $3,883 0.70%
90 $780,973 $784,573 -$3,600 -0.46%
95 $1,509,400 $1,505,550 $3,850 0.26%

If you want to explore the Worthometer in greater detail, you can do so by clicking here.

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I’ll keep updating the Worthometer as new versions of the SIPP, PSID, and SCF are released. In the meantime, keep saving!

Photo Credit: Hollerith Census Machine by Marcin Wichary. To see original at Flickr, click here.

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3 Responses to The Worthometer Has Been Updated!

  1. Will September 26, 2014 at 2:01 PM #

    Oooooh I need a slice of humble pie after viewing those numbers! They have me feelin’ so gooood! 😀
    Will recently posted…Side Hustle 1:1: Each Expense Gets Its Very Own Income StreamMy Profile

    • A Noonan Moose September 26, 2014 at 3:36 PM #

      Let’s cue up some James Brown for the young Nebraskan:

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