Unexpectedly Intriguing!
January 30, 2013

We didn't know this until yesterday, but apparently, our "What's Your Income Percentile?" tool is the second most highly ranked result on Google if you search for "household wealth percentile". Which we found out only because someone who works for the Federal Reserve Board came to our site after performing that exact search on Monday, 28 January 2012!

Well, that's not good enough, is it? We want to own the #1 result for that particular Google search and we're going to get it by building a tool that you can use to see how your household's net worth ranks among all U.S. households!

But first, we'll need to you to determine your household's net worth, for which we'll point you to Bankrate.com's Net Worth Calculator.

Once you have it, enter your household net worth into our tool below, and we'll estimate your percentile ranking among all Americans (as recorded by the U.S. Census in 2010!) [If you're among those Americans who owe far more on your loans than you have assets or who are still underwater on your mortgage and have a negative net worth as a result, enter your net worth as a negative value - just like the default value!]

Household Net Worth Data
Input Data Values
Your Household Net Worth

Your Household's Net Worth Percentile Ranking
Calculated Results Values
Your Household Net Worth Percentile

And now you know just what percentage of U.S. households have a net worth that is equal to or lower than yours! Our chart below shows our model for the distribution of net worth in the United States and how it compares to the data recorded by the U.S. Census.

U.S. Distribution of Net Worth, 2010

That dot in the upper right hand corner? That's the highest net worth we could find for an American, which according to Bloomberg, turns out to be Bill Gates, who had a net worth of over $64.4 billion on Monday, 28 January 2013.

Data Source

U.S. Census Bureau. Net Worth and Asset Ownership of Households: 2010. [Excel Spreadsheet]. Accessed 28 January 2013.

Update 9 March 2013: Retitled from "The Distribution of Net Worth in the United States".

Update 11 November 2013: If you enter a value of 0 for the net income, the tool above will return a percentile ranking of 100%. This is an artifact of the math, where we calculate the natural logarithm of the net worth you enter. Unfortunately for us, the logarithm of zero is undefined, which is why this result occurs (it's similar to the situation that exists when you attempt divide a value by zero.)

To work around that issue, you can borrow a technique from the field of numerical analysis - enter values that are close to, but not equal to zero, such as 1 and -1, then take the average of these results to represent the percentile for zero household net worth.

Labels: , ,

About Political Calculations



blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.