Money Magazine: "How do you stack up?" - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

SteelBlue · 12-28-2006, 10:31 PM

Thought this was interesting:

Ages 35-44

Upper Middle (households that place at the 60th to 79th percentile for income)
Median Income: $68,800
Median Net Worth $131,580
Median Financial Assets (Savings and investments): $33,570
77.5% own a home
91.6% of those homeowners have a mortgage
64% carry a credit card balance with a median balance of $3,000
The average debt burden (payments as a percentage of income) 21%

Upper (households that place at the 80th to 89.9th percentile for income)
Median Income: $105,770
Median Net Worth: $266,600
Median Financial Assets: $74,460
86.1% own a home
96.2% carry a mortgage on that home
67% carry a credit card balance with a median balance of $3,525
The average debt burden is 20%

Ages 45-54

Upper Middle
Median Income: $69,830
Median Net Worth: $188,600
Median Financial Assets: $56,200
79.3% own a home
84.7% carry a mortgage on that home
64% carry a credit cart balance of which median balance is $3,150
Average debt burden is 18%

Upper
Median Income: $105,770
Median Net Worth: $406,940
Median Financial Assets: $138,750
89.9% own a home
85.1% of them carry a mortgage
61% carry a credit card balance of which the median is $4,000
Average debt burden is also 18%

12-28-2006, 10:31 PM	#1
SteelBlue Senior Member Join Date: Aug 2005 Location: Norcal Posts: 5,821	Money Magazine: "How do you stack up?" Thought this was interesting: Ages 35-44 Upper Middle (households that place at the 60th to 79th percentile for income) Median Income: $68,800 Median Net Worth $131,580 Median Financial Assets (Savings and investments): $33,570 77.5% own a home 91.6% of those homeowners have a mortgage 64% carry a credit card balance with a median balance of $3,000 The average debt burden (payments as a percentage of income) 21% Upper (households that place at the 80th to 89.9th percentile for income) Median Income: $105,770 Median Net Worth: $266,600 Median Financial Assets: $74,460 86.1% own a home 96.2% carry a mortgage on that home 67% carry a credit card balance with a median balance of $3,525 The average debt burden is 20% Ages 45-54 Upper Middle Median Income: $69,830 Median Net Worth: $188,600 Median Financial Assets: $56,200 79.3% own a home 84.7% carry a mortgage on that home 64% carry a credit cart balance of which median balance is $3,150 Average debt burden is 18% Upper Median Income: $105,770 Median Net Worth: $406,940 Median Financial Assets: $138,750 89.9% own a home 85.1% of them carry a mortgage 61% carry a credit card balance of which the median is $4,000 Average debt burden is also 18%