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Net worth of upper middle class9/18/2023 ![]() ![]() The data reveals that for the 3.5% of respondents making between $100,000 and $110,000, net worth spanned from somewhere around -$2 million to + $10 million! The Correlation of Net Worth and Income for Households With Net Worth Over $1,000,000 Visually, you can see there is a positive correlation between the two at this income level, but remember the scale is logarithmic. Regardless, there are a wide range of reported household net worth numbers in narrow income bands. Making $100,000 would put a household at roughly the 70% income bracket for in 2018 (although the SCF data - from 2016 - estimates closer to 75.6%). Net Worth in America for 2016 (Click to zoom)Īs you can see from our household income percentile calculator, it's a fairly high benchmark to clear. It's both a psychologically important number and (conveniently) an obvious tick mark on a log base 10 graph. Although arbitrary, there is still cachet to the so-called six-figure income. The Correlation of Net Worth and Income for Households Making Over $100,000įor our first definition of upper middle class we used a household income of $100,000 or more. 2252.Īs was the story with all households, net worth isn't reasonably predicted by income for upper middle class households. For households with $1,000,000 or more in net worth, the correlation was even lower at.The correlation of net worth and income for households making $100,000 or more was.What's the correlation of net worth and income for affluent households and millionaires? In this post, we'll look at the correlation for well-off or upper middle class households. Earlier, we looked at the correlation of income and net worth for all American households in 2016. ![]()
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