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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous]Oh. Well. DH in his early 50s. We just calculated our net worth at $400k. It's not that I thought that was "good" or enough to retire on, but it wasn't so long ago we had a negative net worth, so, you know. Even if you are more or less a professional, if you get laid off periodically and drain your savings, you don't get to harness the power of compound interest on a 401k and so on. Looks like the median net worth for an American family with a HOH age 45-54 is $168k. For 55-64, it's $213k. [/quote]
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