Do most people on DCUM have a net worth of at least 1 million?
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Anonymous
| Judging from the posts on here it seems that most of DCUM has a net worth of at least 1 million. What do you think? |
Anonymous
| Most on the board, I think so. I'd say the vast majority that post to Money & Finances or the Nanny threads. |
Anonymous
| We do but I don't know anyone else here so... |
Anonymous
| Are you including the house less the mortgage on the house to come up with the million dollar net worth? |
Anonymous
| People who are doing well are more likely to be proud of that and then comment on questions about money/wealth. People who are in debt or haven't had time to save a lot are less likely to post about their situation. |
Anonymous
Yes, that would be the definition of net worth |
Anonymous
+1 which then includes a whole lot of people in this area. |
Anonymous
| Not us, but we're only in our 50s and are nearly halfway there! |
Anonymous
|
My wife and I (45 and 50) have a net worth of about $780k (half home half retirement, 529) My pension will be worth about $1.2 million if paid out over an average lifespan after retirement.
I seem normal compared to most of the families I know except for the pension. |
Anonymous
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Most of it comes from their home.
If you were to take the home out of their 'net worth', most of the posters are not really millionaires. |
Anonymous
|
Not counting our paid off home or banked money yes, 1.2 million.
But we live in podunk America not a DC critter. We're in our early 60s. retired. Every pay raise was banked/invested. That's how we got there. No one knows. Not even our adult kids. |
Anonymous
| Probably not. However, if you include home equity, which I assume you are some are probably close to it. |
Anonymous
But it is part of their net worth. If you took away Jeff Bezos' Amazon stock, he would not be a centibillionaire. |
Anonymous
|
Look at the median salary and housing costs of this area. It should not come as a surprise that there are a lot of "millionaires" here.
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Anonymous
| I’m wealthy |