What's your Wealth ...

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05 January 2024, 10:46 AM

Piano*Dad

What's your Wealth ...

A very interesting use of federal income/wealth data

The WaPo says it doesn't retain the information you plug in, but don't fill it in unless you trust that claim.

05 January 2024, 11:44 AM

Mikhailoh

We’re quite comfortable, but I would not rate us as rich. They do.

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"A mob is a place where people go to get away from their conscience" Atticus Finch

05 January 2024, 11:46 AM

CHAS

Clicked "Use U.S. Median" to see the figures.
I trust them, of course, but...

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Several people have eaten my cooking and survived.

05 January 2024, 11:48 AM

Piano*Dad

The percentiles don't lie. You can put whatever adjectives you like on them, of course.

05 January 2024, 02:09 PM

Jack Frost

I’m thinking it’s time to spend more!

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Be calm, be brave, it'll be okay.

05 January 2024, 07:51 PM

piqué

Ha they think I'm rich. I think they need different metrics.

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fear is the thief of dreams

05 January 2024, 08:57 PM

Piano*Dad

quote:
Originally posted by Jack Frost:
I’m thinking it’s time to spend more!

Yeah, we made that decision a number of years ago. We were save-aholics for so many years.

08 January 2024, 05:17 PM

CHAS

My father often joked about people who started thinking they were rich and the consequences of that thinking.

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Several people have eaten my cooking and survived.

08 January 2024, 05:43 PM

kluurs

Still, Look at Ed McMahon. That guy probably made more than most of us - and ended up broke. There's a few of those folks - Mike Tyson, Kim Bassinger, Marvin Gaye, Willie Nelson, etc. Much of America is one good illness away from bankruptcy.

08 January 2024, 08:10 PM

QuirtEvans

quote:
Originally posted by kluurs:
Much of America is one good illness away from bankruptcy.

Thanks so much for voicing my nightmare. Time for me to eat only ramen noodles for twelve months … which will just make that illness more likely.

08 January 2024, 09:37 PM

Steve Miller

quote:
Originally posted by CHAS:
My father often joked about people who started thinking they were rich and the consequences of that thinking.

I’ve seen what results from that sort of thinking more than once. Young contractors have a few good years and think they’re invincible.

Exotic cars. Airplanes. Horses. Boats. Racing. Polo.

Finishes them off every time.

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Life is short. Play with your dog.

09 January 2024, 08:48 AM

Axtremus

quote:
Originally posted by Piano*Dad:

The WaPo says it doesn't retain the information you plug in, but don't fill it in unless you trust that claim.

Just plug in multiple hypotheticals. It won't be able to tell which one is the real you.