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Breaking News: Worthometer Updated to Include Latest Data from 3 National Surveys!

As you may know, this site’s popular Worthometer (46,000+ views and counting) is the web’s only net worth percentile gauge that incorporates, interpolates, and averages all three major surveys of USA household wealth: (1) the Federal Reserve Board’s Survey of Consumer Finances (SCF); (2) the US Census Bureau’s Survey of Income and Program Participation (SIPP); and (3) the University of Michigan’s Panel Study of Income Dynamics (PSID).

Earlier this year, new versions of all three surveys were issued. I’ve incorporated these latest releases into the Worthometer. Specifically, the 2016 SCF has replaced the 2013 SCF, the 2013 SIPP has replaced the 2011 SIPP, and the 2015 PSID has replaced the 2013 PSID. Whereas the average year of survey for the old Worthometer was 2012 the average survey year for the updated Worthometer is now 2014.

How much do these updates change the Worthometer’s readings? Here’s a chart that reports the impact in five percentile increments:

Worthometer Net Worth Net Worth Dollar  Percentage
Percentile before Update after Update Gain/Loss Gain/Loss
5 -$27,416 -$29,100 -$1,684 -5.79%
10 -$13,734 -$7,000 $6,734 96.20%
15 -$4,410 -$707 $3,703 523.55%
20 $520 $2,498 $1,978 79.18%
25 $5,131 $5,908 $777 13.16%
30 $13,086 $15,470 $2,384 15.41%
35 $22,272 $26,810 $4,538 16.93%
40 $35,399 $41,548 $6,149 14.80%
45 $51,691 $59,603 $7,912 13.27%
50 $68,788 $79,280 $10,492 13.23%
55 $102,800 $121,994 $19,194 15.73%
60 $139,861 $168,173 $28,312 16.84%
65 $181,295 $216,183 $34,888 16.14%
70 $231,617 $265,951 $34,334 12.91%
75 $285,950 $333,433 $47,483 14.24%
80 $408,274 $485,630 $77,356 15.93%
85 $571,138 $741,533 $170,395 22.98%
90 $794,672 $1,033,150 $238,478 23.08%
95 $1,618,317 $1,989,150 $370,833 18.64%

Percentile rankings were definitely higher under the prior Worthometer. For instance, under the old Worthometer, a net worth of $68,788 would rank a household in the 50th percentile. Now this same amount places a household at only the 47th percentile—a 3 percent falloff. The falloff widens slightly at higher net worth levels. Under the old Worthometer, a net worth of $285,950 would rank at the 75th percentile. Now it ranks at the 71.5th percentile (a 3.5 percent falloff). Similarly, a net worth of $794,672 formerly triggered a percentile score of 90; now it scores at the 85.5th percentile (a 4.5 percent falloff).

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

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

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2 Responses to Breaking News: Worthometer Updated to Include Latest Data from 3 National Surveys!

  1. Michael October 13, 2017 at 10:35 PM #

    I hit the 95%+++ percentile bracket a few years ago … but it was mostly accidental … seeing I am a teacher overseas …. but it is possible ……

    I am a rookie blogger trying out a practice blog … before I try out writing different ones … from the far side of the planet ….

    http://christianprofessionalsoverseas.com/international-school-jobs-for-outreach-evangelically-minded-christian-professionals-overseas-cpo-by-cpo-from-the-far-side-of-the-planet/

    • A Noonan Moose October 14, 2017 at 8:52 AM #

      Thank you for stopping in Michael–and welcome to the world of blogging!

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