Property Now
How Much Wealth Do you Need to be in the Top 10% and 1% in NZ?
Where you sit on the NZ wealth ladder depends a lot on how old you are.
At 30, being worth $220,000 puts you in the top 20% for your age.
At 55, you would need $940,000 to be in the same position.
In this video, Ed breaks down the NZ wealth rankings by age, from top 50% all the way to top 1%:
● Why the gap between wealth levels widens dramatically as Kiwis get older
● Why the decisions you make in your 30s and 40s determine where you land in your 60s
● Why the top 10% is mostly couples in their 50s who quietly paid off two mortgages
● Why wealth tends to fall after 75 as retirees spend what they have built
Ok, now for the legal bit:
The information and opinions on this channel are for your general information. It’s not financial advice. So the hosts aren’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong.
Make sure you do your own research or talk to a financial adviser before making any financial decisions. See our Disclosure information here.
Related videos in this series
How to 5x your returns in property investing⎥Ep. 2020
How to 5x your returns in property investing⎥Ep. 2020Am I middle class?⎥Ep. 2013
Am I middle class?⎥Ep. 2013