The Physics Factbook
Edited by Glenn Elert -- Written by his students
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|Alphavictim. What is America's total net worth? 29 December 2006.||"Minus around $8 trillion in public debt and $2 trillion in consumer debt [sic] Looks like a first-pass estimate/guess of America's total net worth is around $50-60 trillion."||$180,000|
|Brown, Lester R. U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration. Earth Policy Institute. 2006.||"Sometime this month, the U.S. population is projected to reach 300 million."|
|Fivecentnickel. Average Net Worth Values. 5 February 2008.||"What follows are some interesting tidbits from 2004 For starters, the overall median (mean) net worth value was $93,100 ($448,200)."||$93,100|
|Ritholtz, Barry. Fed: Stagnant Net Worth for Typical US Family. The Big Picture. 24 February 2006.||"The Fed said the net worth of the median American family -- the one smack in the statistical middle -- was $93,100 in 2004. Net worth, the difference between a family's assets and liabilities, rose a robust 10.3% between 1998 and 2001 and 17.4% in the three-year interval before that."||$93,100
|Reynolds, Alan. Upstarts and Downstarts. National Review, 31 August 1992.||"The actual, official Federal Reserve study tells a quite different story. It shows that real net worth rose by 28 per cent among 40 per cent of families earning between $20,000 and $50,000, but by only 6.6 per cent for the top 20 per cent, earning more than $50,000."||$20,000-$50,000
|Global High-Net-Worth Population Grows to 8.7 Million, Worth $33.3 Trillion. Metrics 2.0. 2006.||"The wealth of high-net-worth individuals (HNWIs), people with net financial assets of at least U.S. $1 million, excluding their primary residence and consumables, climbed to $33.3 trillion in 2005, an 8.5% increase over 2004, according to the 10th Anniversary Edition of the World Wealth Report, released today by Merrill Lynch and Capgemini. The Report found that the number of HNWIs grew by 6.5% over 2004, to 8.7 million, and that the number of Ultra-HNWIs — those who have financial assets of more than $30 million — grew by 10.2 percent, to 85,400 in 2005."||> $1 million
(high net worth individual)
> $30 million
(ultra-high net worth individual)
After the 1890's people all over the world came to the United Sates in search of dreams. After passing through Ellis Island many new immigrants looked forward to streets paved with gold. Unfortunately we all know that this wasn't entirely true, yes there were some people who gained large economic benefits but most just struggle to survive.
In today's world people would like to think that most of use make an honest living and live an OK life, but everyone wonders about how much they are worth. Not literally as a person but in terms of what you own and your liabilities. Net worth is the value of a person's assets including cash, minus all liabilities. The amount by which the individual's assets exceed their liabilities is considered the net worth of that person.
All assets such as cash, stock, bonds, business ownership, real estate, life insurance and personal goods minus by liabilities like bill, loans, debt, and taxes. Every one should be done every year in order to check you financial position.
The average net worth in the United States in the 1980's was around $20-$50,000 As the years went by, American citizens experienced an increase in their net growth. By 2005 it was around $93,100. Most people would be amazed about how much they are worth and some people will be disappointed. The best thing do is to calculate your net worth so you can see if you pockets are full or empty.
Mathieu Eugene -- 2008
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