the wealthometer ,how do measure up (rent, income, wealthy, companies)

[mathjak107]

at age 62 measured 97%. you would never believe it living here in nyc.

rate yourself and then see how you actually compare.

Wealthometer: USA

[arrieros81]

86%?

Mom and Dad paid for my education, my first car, and I used to be crazy frugal about spending until my now fiancé moved in with me which cut rent in half.

[lenniel]

Estimated 90%, calculator came to 90%.

[kanhawk]

estimated 64% but wealthometer said 85%. Scary that 85% of Americans are less wealthy than me because I am not that well off.

[mathjak107]

no matter what you have it always seems to feel that way.

[caco54]

Guessed 95% and came in at 98%. If it wasn't so cold out I would spend some!

[cdelena]

I came in higher than I thought but discount the whole thing as the next step is to tax wealth... why should we go after individual assets rather than look harder at cutting expenses and taxing use.

[mathjak107]

not sure what you mean? cost cutting improves cash flow . but it has limits as opposed to increasing income and wealth. cutting expenses has a bottom, gains in net worth do not.

is that what you meant? ideally you want both. that is why companies report both revenue and profits since profits can can come from cost cutting and not more sales . both have to be looked at.

[ChiGuy2.5]

I guessed 62% and it hit at 60%. I am not that wealthy but I am only 27. Hopefully you all at >90% are much older than I am!

[flyingsaucermom]

I responded about this in another thread. Says we're 77%. If you took away the kids we would be around 90%.