Buzz
Your net worth is a crucial figure in managing your personal finances, and tracking it is vital for following your financial progress. It’s fascinating to see how your net worth compares with others. With this simple tool, you can find out your net worth ranking by age group.
On First Quarter Finance, financial blogger Will Lipovsky shares a few valuable resources to help you compare your net worth with others. One of his top recommendations is a straightforward calculator available on the finance site Shnugi. Using data from the Federal Reserve's 2013 Survey of Consumer Finances, it provides rankings for the U.S. only.
Enter your net worth and age—or the age group you’d like to compare yourself to. After hitting submit, you’ll get your ranking. For instance:
To try it out for yourself, follow the link below. For a deeper dive into how to determine your net worth percentile, don’t miss Lipovsky’s post below.
Image courtesy of 401(K) 2012.
