Category Archives: Retirement

Median net worth from 1989 to 2016, what has changed?

By | January 28, 2018

Here’s a quick chart showing the median net worth from 1989 to 2016 across several age groups (all figures are in 2016 dollars). The data comes from the Survey of Consumer Finances published on the Feb website which has just recently been updated with the 2016 data.The good news is that with the exception of the 65-75 age group, all… Read More »

Why do people save – 1989 and 2013

By | March 6, 2017

Today we’ll compare the reason that respondents to the Survey of Consumer Finances gave as most important for their families’ saving, between 1989 and 2013. What was the largest change over the years? Retirement. (Liquidity actually remains the overall most popular reason for families’ saving.)In 1989, there were far more employer sponsored pension plans available to workers than there… Read More »

What’s going on with education debt?

By | March 5, 2017

Reading the triennial Survey of Consumer Finances published by the Fed, something really worrisome starts to emerge from the results. Education debt has grown at a remarkable pace over the last 27 years. Lets start by looking at the average amount of education debt for years 1989, 2001, and 2013 (all values are in 2013 dollars). The rise of education related… Read More »

Share of the homeowners market continues to slide for the young

By | March 3, 2017

Perhaps not unexpected given the ever falling homeownership rates, this only serves to highlight the steeper decline experienced by the younger population when compared to their older counterparts. Consider that in the year 2000, people over the age of 55 made up 40% of the overall homeowners population. Over the past 16 years, this number has ballooned to over… Read More »

How does your net worth compare?

By | February 21, 2017

I’ve put together a quick visual in which net worth is plotted against age for 208 survey participants. (The size of each circle represents the current income for that individual.) How is the net worth calculated? I take into account the opening balances on 401k, 403b, IRA (Traditional and Roth), HSA, other investments, home equity, as well as… Read More »

Retirement account growth across time

By | February 18, 2017

Today we have a very small update on a chart posted two days ago. With more data and some simple smoothing techniques, I was able to create a more sensible presentation of account growth across time (age 55 includes everyone 55 and older). The data remains incredibly thin, so the results should be taken with a grain… Read More »