Do most people on DCUM have a net worth of at least 1 million?

[Anonymous]

I am lower middle class by DCUM

1.5 million home equity
650k in bank
1.5 stocks
1.7 401ks
200k cash balance pension
250k Pre-IPO RSUs

[Anonymous]

Anonymous wrote: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.

Not everyone. When married, our net worth was 1.2 million in early 40s…not including the house. The house is the small part of net worth. Now divorced and not even at $1 million anymore…but only 18% is house equity.

[Anonymous]

Anonymous wrote:We have over 1 million in our combined retirement accounts. We are in our early forties. Then another 500k or so in home equity. We are definitely not wealthy compared to people in our friend group or neighborhood though so I would say that most people in this area have a minimum of 1mil - especially with 2 working adults. We are a single earner family of 3

This makes me wonder whether the original question is for one person or two. We’re in a similar condition but two earners in early fifties, with a bit over $1M in retirement and a bit under $500K in home equity. Totally illiquid. Not sure if this counts as over $1M aggregate vs. under $1M individually but regardless, we’re the DCUM poor.

[Anonymous]

Anonymous wrote:I am lower middle class by DCUM

1.5 million home equity
650k in bank
1.5 stocks
1.7 401ks
200k cash balance pension
250k Pre-IPO RSUs

You have 5.5 million and you are lower middle class???

[Anonymous]

OP, Just in the last few days, there were HHI and savings thread. If people save $100-$300k every year as posted (and these were people not in their 50s but 30s-40s), what do you think?

[Anonymous]

We aren’t, but I SAH. It was worth the trade-off to us.

[Anonymous]

I would also add that this forum comes up when searching for nannies, which only UMC/rich people can afford.

[Anonymous]

Anonymous wrote: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?

I don't and i doubt many millionaires are pisting here.

[Anonymous]

Two feds not on GS scale, mid 40s

-$600k home equity
-$1.2 million combined TSPs
-$100k in second grader’s 529, adding $800/month
-$80k in liquid savings, adding $3k/month (had been much higher but had recent huge home reno that drew it down)

So I guess we are worth more than $1 million if you count all that. Sure doesn’t feel like that. I realize we are poor by DCUM standards. We’re also planning to retire as feds in our early 60s so we’ll each have a pension of about 1/3 of our highest three-yr avg salary.

[Anonymous]

How much money is needed to have a low financial stress middle class retirement for a couple at 60?

[Anonymous]

Anonymous wrote:How much money is needed to have a low financial stress middle class retirement for a couple at 60?

How much monthly income do you need to be able to keep a middle class house? Even if you pay off mortgage by retirement , property tax, utilities , maintenance and repairs are a lot.

[Anonymous]

Anonymous wrote: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.

You are 1.98mm NW

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

But it is part of their net worth. If you took away Jeff Bezos' Amazon stock, he would not be a centibillionaire.

Stocks are more liquid than someone’s home residence.
Stocks > home.

You’re not very bright.

DUH

However, that does not change the definition of net worth, which definitely includes your home(s).

I currently own 4 homes (no mortgages, Approx $8M in value) and definately include those in my net worth.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

But it is part of their net worth. If you took away Jeff Bezos' Amazon stock, he would not be a centibillionaire.

Stocks are more liquid than someone’s home residence.
Stocks > home.

You’re not very bright.

DUH

However, that does not change the definition of net worth, which definitely includes your home(s).

I currently own 4 homes (no mortgages, Approx $8M in value) and definately include those in my net worth.

Why are you including anything in your net wealth? I never even attempted to calculate mine until this thread. Who is asking you for this? A dating app?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

But it is part of their net worth. If you took away Jeff Bezos' Amazon stock, he would not be a centibillionaire.

Stocks are more liquid than someone’s home residence.
Stocks > home.

You’re not very bright.

Both equity and stocks count toward the calculation of net worth. Net worth has a definition. This comment made you look downright stupid. (NP)