Your net worth compared to Americans (quntiles)
- Thread starter stinkynuts
- Start date
I refuse to watch financial related videos from peoeple making stupid faces in their thumbnail. 
There are underlying problems when you use net worth for determining “class” ( quintiles).
The two most obvious being, especially here in Canada is that most of the net worth is tied to the value of the home.
Market value $800,000
Total debt $ 550,000
Net worth: $250,000 oh, look at you. Your middle class
Market correction sees market value of home plummet to 650,000
oh oh sucks to be you.
Most people instead use median income levels. It’s steady, isn’t tied to the value of something. It’s an indicator of earnings that can be directed toward either debt or savings. Which for the middle class is one or the other.
In Canada, if you gross $100,000 you belong to the lofty 10% club. Forget where the line is for the well off/upper middle class or top 20%
The two most obvious being, especially here in Canada is that most of the net worth is tied to the value of the home.
Market value $800,000
Total debt $ 550,000
Net worth: $250,000 oh, look at you. Your middle class
Market correction sees market value of home plummet to 650,000
oh oh sucks to be you.
Most people instead use median income levels. It’s steady, isn’t tied to the value of something. It’s an indicator of earnings that can be directed toward either debt or savings. Which for the middle class is one or the other.
In Canada, if you gross $100,000 you belong to the lofty 10% club. Forget where the line is for the well off/upper middle class or top 20%
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Weren't there a couple of recent polls on this Board asking your income and another asking your net worth?
Agree. Also the poll about your age. Maybe the size of your cock will be next. LOL
Have at it. StatsCan data, likely later data but didn't bother searching for it.
Total and median net worth by age and family type
Net worth, average value per household, by age group of major income earner, 2019 to fourth quarter 2020, Canada
Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas
www150.statcan.gc.ca
Total and median net worth by age and family type
Net worth, average value per household, by age group of major income earner, 2019 to fourth quarter 2020, Canada
Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas
Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas
Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.
Now my advice for those who die
(Taxman!)
Declare the pennies on your eyes
(Taxman!)
'Cause I'm the taxman
Yeah, I'm the taxman (yeah, I'm the taxman)
And you're working for no one but me (taxman!)
(George Harrison.)
