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Tuesday, September 07 2010

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Your Age(or age of primary household breadwinner)

Your total annual household income

Your total net worth

AAW

111

111

UAW	Under Accumulator of Wealth	Net Worth < 549999
AAW	Average Accumulator of Wealth	5499999 < Net Worth < 2199996
PAW	Prodigious Accumulator of Wealth	Net Worth > 2199996

Stanley and Danko argue that your total net worth alone does not tell a good enough picture of one's wealth, what matters is how much worth you can accumulate on your income considering your own age. Therefore, a 30 year old making $ 25,000 who has a net worth of $ 80,000 has more relative wealth than a 50 year old doctor making $ 200,000 a year who is only worth $500,000.

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