Additional Details I'm in my late 30's and have about 65k in my retirment plan. My company match is 4%, but I invest 10% at this time. I've done that age thing and yes ...
First of all how is it possible that everybody can just sell their stocks at the same time?
Who is buying them?, when they know that they will probably drop even further or are worthless ...
I am 21... should I keep my money in the stock market i have about 70k in value now.. (but i have lost about 30K) My question is should I take the money out and put into cds... Bc of the way the ...
It would depend on the definition of personal savings.
The U S Census bureau statistics report that the of the top 40% of families in the U S is greater than $60,163.
The median net worth is $35,460.
A great deal of those amounts are in home equity and the data is over 10 years old.
If one is considering only financial assets, the figures are a great deal different.
Only 20% of families have financial assets of more than $31,000.
Only 10% of families have financial assets of more than $84,900.
Again the data is over 10 years old.
I expect that the data does not consider vested interest in social security benefits and pension plans, which for all practical purposes should be considered.
crzyaltego
5% if that
wow what america do some of you live in- if you are less than 30 and have this much money in savings i would be suprised- i dont think the question means in assets like cars or real estate but you guys must be better off than most i know
Kenny
5%
kvuo
my guess is not very many..
dantrumble1974
my guess would be 38% (if you're including stocks, bonds, mutual funds etc) if you're not more like 18%. If you mean net worth... a GREAT deal better than 60% I'd imagine.
Slainte,
-D
bigtymerz408
30%
emucompboy
1%.
If you include stocks, bonds, mutual funds and other investment instruments, then 50%.
If you add real estate, 70%.
If you add retirement plans... well, darn near everyone.
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