Want to Know Just How Rich You Are?: Ritholtz Chart

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Income inequality has been all over the news this year. Political fights about raising the minimum wage are in the near future.

A related, but just as fascinating, issue is how wealth is distributed. Click through on the accompanying image of the "Wealthometer," and you can see where your family's wealth falls in percentile basis.

If you and your spouse have a quarter million dollars in real estate or other real assets, and the same in financial (401k, investments, etc.) and less than $50,000 in debt, this puts you at the 85th percentile in terms of wealth in America.

To reach the 90th percentile, you need about $800,000 in wealth. The 95th percentile takes about $1.5 million. If you and your significant other want to be in the top 1 percent, you need about $5,500,000 in net wealth.

Try playing around with Wealthometer.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net