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Jonesing with the VanderSmiths

March 18th, 2009 at 05:40 pm

During my lunch break, I decided to have a little fun and see how I stack up with other NetworthIQers. As you may or may not know, that's how I track my net worth, though I keep my profile private....

Frown For my age group, I am severely behind. In fact, I fit in the median of my previous age bracket.

Frown Same thing with education.

Smile I am way, way ahead for my income group. In fact, I fit the median of two brackets above me!

Smile I am ridiculously ahead in my occupational field.

Lastly, I am behind by state count, but that doesn't mean anything to me.

I think it's also worth noting that NetworthIQers are like SAers in that we are a particular breed. Chances are good that those who track their net worth are are likely to be financially savvy, and is therefore a tougher crowd to compare finances against....

Not that this is a contest or anything, but it's just nice to see that I am not hopeless... and I can even sort of run with the pack now.

6 Responses to “Jonesing with the VanderSmiths”

  1. Joan.of.the.Arch Says:

    Interesting. DH and I are both behind compared to our age group, but with on everything else. Husband's occupation group would appear to be terrible accumulators, going by that data. I think his cccupation group must be populated by the very young on NetworthIQ.

  2. baselle Says:

    I don't know whether the median in something like this even means anything more than the median of those who are self-selected for $ awareness, computer savvy, honesty (anybody can type in they've saved a 1M), and what one is willing to share on NetworthIQ. We aren't really talking about a random sample.

    I'd go against the census data (and that has bias also) when it comes up after 2010.

  3. Broken Arrow Says:

    Ah Baselle, that's quite true! And if I was serious about comparing myself with the general population, then yes, I'd probably do that. But this is just for fun, and I don't mind that the sample is inherently skewed. Big Grin

  4. PauletteGoddard Says:

    I like to measure my household against our demographics in the Survey of Consumer Finances. Latest survey was for 2007.

  5. Joan.of.the.Arch Says:

    Duh--what I said made no sense. *Never mind.*

  6. Broken Arrow Says:

    Hehe, nah, it's all good!

    I do think my occupational field is skewed as well, since it's blue-collar, relatively low-waged, and... stereotypically-speaking, may not be the most financially savvy group.

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