Reply to Tell me your HHI and net worth at age 48

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[quote=Anonymous][quote=Anonymous]My rule of thumb here is to just lop off a hundred thousand from whatever folks say is in their 401k.  It’s like a monetary anonymous d*** measuring contest.  As an aside, the same goes for self reported commute times.  No ma’am, you’re not getting from Leesnurg to Farragut West in 20 minutes, “tops”.[/quote]

This makes me laugh, but for myself I'm honest (I round up/down for ease but not to distort).  Whenever there's something like this I feel like responding to, I just open the excel sheet where I keep the numbers and put what they ask for.  Our income numbers are usually lower than the average reported but we've done just fine so I feel maybe that might reassure a fellow moderate lurker who starts to think you can't live here/ever retire/have a regular middle class life without 200k HHI  minimum.  I assume there's some who lie--or who have optimistic ways of measuring money/commutes/children's intelligence --but I would think that's probably 15-20% of folks.  If you lie, you probably think everybody else is lying, so why would you bother reading/asking--there would be too low signal/noise?  But I'm female, so maybe I'm less attuned to d*** measuring contests?

The rounding might be relative too.  My teenage kids count their assets to the penny, but I'll round up/down to the nearest 25 or 50K if talking about assets and the nearest 10K if talking about income. Someone who makes/has a lot more may round up/down by 100K, quarter, half million etc. for assets and 50k by income.[/quote]

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