Reply to How many 55yo that you know in DMV have $3M+ NW?

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[quote=Anonymous][quote=Anonymous]How would you even know someone else's net worth? Ours is about $3.5M at 55 & 62.

FWIW, I have access to a large demographics database at work and just looked it up...

In the DC region, for someone age 50-64, 12% have a net worth of $2M+ (the top breakout available).

In that age category and have a bachelor's degree, 16% are at $2M+

In that age category and with a master's/professional degree/PhD, 22% are at $2M+.

So overall, it's a pretty small share.[/quote]

THANK YOU!

Reading DCUM makes it feel like the numbers are inverted, e.g., only 22%  of 50-64yo in this area [b]with at least a Masters[/b] have under $2M). The reality is that 78% with at least a masters don’t even have $2M and that saving that much is harder than many claim on this site.

I’m sure they worked hard to be ready when a job with a salary increase came a long or got lucky with investments. Many others worked just as hard or harder but didn’t land the job or have the opportunities to advance presented to them.

This site can be great but can really mess with your head in terms of what the reality is for a lot of us in this area.

Only 12% of all 50-64 have $2M or more in NW. Sometimes it seems like only people from this category post on DCUM. [/quote]

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