What net worth is considered wealthy? Middle class? Poor?

[Anonymous]

You guys think we are poor because we have a sub 100k HHI. But our net wealth is relatively high. What's considered average/middle class/upper middle class/wealthy around here?

[Anonymous]

Congrats

[Anonymous]

3 million rupees

[Anonymous]

This again

[Anonymous]

900 cows

[Anonymous]

The DCUM obsession.

[Anonymous]

Nothing is considered nothing. Nobody cares about your finances, stop obssessing. You are exactly what you think of yourself, that's all that matters.

[Anonymous]

Based on the spending patterns discussed here, seems like most people's wealth is in the form of 401k/housing, and not so much in productive businesses or non-retirement accounts.

[Anonymous]

You are wealthy if the coins in your money pit are more than 12 inches deep.

[Anonymous]

Anonymous wrote:This again

Actually this has not been asked before. The three million and one threads are all about income not net worth and the DCUM crowd seems to think that HHI is the only factor relevant in determining sometimes SES.

So what is a normal (poor?) net worth?

[Anonymous]

http://www.realtor.com/local/Fairfax-County_VA/lifestyle?v7=1

Average net worth is 982k and age is 37. I'd rather see median numbers for net worth.

[Anonymous]

I read that the annual median income in Fairfax County is $90K. I make less than that so I feel poor, when of course, I'm not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This again

Actually this has not been asked before. The three million and one threads are all about income not net worth and the DCUM crowd seems to think that HHI is the only factor relevant in determining sometimes SES.

So what is a normal (poor?) net worth?

LOL it is asked every other week at least.

[Anonymous]

Anonymous wrote:http://www.realtor.com/local/Fairfax-County_VA/lifestyle?v7=1

Average net worth is 982k and age is 37. I'd rather see median numbers for net worth.

Yeah, maybe its because its a mean net worth, but those numbers don't seem quite right to me. Unless you start with a lot of money, having an average net worth of almost a million on a median salary just over $100,000 by age 37 seems to represent extraordinarily good money management.

[Anonymous]

Anonymous wrote:

Anonymous wrote:http://www.realtor.com/local/Fairfax-County_VA/lifestyle?v7=1

Average net worth is 982k and age is 37. I'd rather see median numbers for net worth.

Yeah, maybe its because its a mean net worth, but those numbers don't seem quite right to me. Unless you start with a lot of money, having an average net worth of almost a million on a median salary just over $100,000 by age 37 seems to represent extraordinarily good money management.

For example, if somebody entered the workforce at 22 and had an average income of 90K over the first 15 years of their career, would they even have accumulated $982,000 in lifetime post-tax income, yet alone net worth?