How Does Your Nest Egg Rate?

In case you were wondering how your savings compared with other Americans, here you go.

“Nest egg savings” of American households, 2001

Age Median Top 25% Top 10% Top 5% Top 1% 20 to 29 yrs 5,550 21,700 61,690 100,600 833,530 30 to 39 22,250 97,400 242,977 440,800 1,517,400 40 to 49 52,300 222,000 532,600 971,900 3,677,004 50 to 59 95,130 339,000 948,000 1,933,000 8,420,400 60 to 69 83,400 310,900 1,099,340 2,401,550 9,459,800 70 to 79 62,500 296,300 877,300 1,561,600 6,038,000 80 and over 51,350 223,800 561,200 911,600 2,037,300

Source: Federal Reserve Survey of Consumer Finances, VIP Forum (The age range given typically reflects the maturity of the oldest person in the house. "Nest egg savings" refers to net worth, excluding home equity.)

Home equity as a percentage of net worth, 2001

Age Median top 25% top 10% top 5% top 1% 20 to 29 yrs 29.2% 42.6% 34.7% 38.3% 5.9% 30 to 39 42.3% 34.2% 31.0% 17.3% 17.2% 40 to 49 51.1% 31.6% 21.4% 19.4% 11.6% 50 to 59 46.8% 25.7% 17.9% 20.6% 7.0% 60 to 69 50.4% 32.9% 22.0% 16.1% 2.7% 70 to 79 64.0% 39.1% 18.6% 16.3% 14.2% 80 and over 64.1% 35.3% 29.2% 21.8% 12.3%

Source: Federal Reserve Survey of Consumer Finances, VIP Forum

via MoneyCentral