Distribution Of Net Worth….Getting Current Using Fuzzy Logic
Posted By thestatedtruth.com on August 15, 2010
Even after looking at the market’s rebound from the lows of 2009, nest eggs remain severely impaired. As of the first quarter of 2010, net household assets—homes, 401(k) plans, pension assets and other investments minus debts—stood at $54.6 trillion, down an average of 18% from the end of 2007.  We actually think the losses are higher but we’ll use these numbers and give them the benefit of the doubt!
Since this isn’t a job for crisp logic, we’re going to apply some fuzzy logic calculations to the figures below.
The iTulip chart below is from 2007, ……so to get current we will multiply the numbers below by 82% (we have to take into account the 18% net asset loss on average since 2007 and that leaves us with 82% left,  multiply times the value of 2007). So, the 90 percentile will be $475,000 total net worth for 2007 (taken from the chart below)  x  82% = $389,500.   $389,500 total net worth and greater now puts that person in the 90th percentile as of the first quarter 2010.
Like wise, for the 95th percentile we do a similar calculation and come up with the formula $785,000 total net worth x 82% = $643,700 total net worth. So $643,700 and greater will put an individual in the 95th percentile as of quarter 1, 2010
The current mean, (average) net worth is $227,483 x .82% = $186,536.  This shows  $186,536 as the mean or average total net worth as of quarter 1, 2010.
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