Don't Quit Your Day Job
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Covers topics on Investing, Net Worth, Income, Health, Personal Finance, Real Estate and Economics. Don't Quit Your Day Job... is a finance and investing website founded in 2009. It provides you with the research and tools you need to manage your own career and investments - without making it a full-time job.
Don't Quit Your Day Job
3d ago
In the 2022 Survey of Consumer Finances, the average household reported $10,196.19 in education debt, while the median household reported $0 in student loans. Only 21.7% of households reported carrying any student debt at all.
Before we continue, though, I need to note the SCF doesn't give us a full snapshot of the data. While very useful for seeing the household distribution of debt, the SCF is strained on the student loan front – neglecting to include student debt from a few important populations.
Let's talk about student debt in America, as measured by the Survey of Consumer Finances, the N ..read more
Don't Quit Your Day Job
1M ago
On this page is a Dow Jones return calculator for investment returns on the Dow Jones Industrial Average with a unique benefit not found anywhere else - it allows you to estimate the return contribution of dividends reinvested in the index, and for inflation!
Interactive Content Here: Visit on DQYDJ to view.
Editor: Through 2/6/2024 close. For last year, see the 2023 Dow Jones Industrial Average return.
Next, try our individual stock Graham Number calculator or our individual stock dividend reinvestment calculator. If you want to look at DJIA returns over aggregated periods, this c ..read more
Don't Quit Your Day Job
1M ago
The Treasury Return Calculator below uses long run 10-year Treasury Data from Robert Shiller to compute returns based on reinvesting the coupon payments. You can see the total returns for the 10 Year Treasury for any arbitrary period from 1871 until today.
Interactive Content Here: Visit on DQYDJ to view.
Editor: Last data is 2/6/2024 closing price.
(If you are looking for a similar calculator for the S&P 500, Dow Jones Industrial Average, Gold, or Daily Inflation we've got that too.
The 10-Year Treasury Return Calculator (With Inflation Adjustment and Coupon Payment Reinvestment)
O ..read more
Don't Quit Your Day Job
2M ago
The average American household carried a $2,768 credit card balance in 2023. That debt was concentrated, however – the median household carried $0 balance cycle to cycle, while the top 10% of households by credit card debt had $8,000 in credit card debt.
54.78% of households held no credit card debt balance from month to month (at least, at the time they were surveyed).
Credit Card Debt Statistics in America
Americans spend a lot on their credit cards. The New York Federal Reserve reports on the makeup of household debts and assets every quarter – unfortunately, o ..read more
Don't Quit Your Day Job
2M ago
In 2022, the average American household carried $126,863.50 in debt. The median American household had $31,760 in debt, and the top 10% of households ranked by debt loadhad $340,000 in debt.
Not including real estate debt, the average and median American household carried $26,602.07 and $5,200 in debt, respectively.
In this post, I'll break down American household debt averages and other statistics. We'll look at debt by generation, categories of debt, and more.
Debt Statistics in America
The Federal Reserve SCF is an extremely high-quality trienni ..read more
Don't Quit Your Day Job
2M ago
Below is a S&P 500 return calculator with dividend reinvestment. It has Consumer Price Index (CPI) data integrated, so it can estimate total investment returns before taxes. It shows the price return of the index along with the estimated effect of reinvested dividends.
S&P 500 calculator: nominal and inflation-adjusted
Interactive Content Here: Visit on DQYDJ to view.
Editor: Last data is 1/12/24 Close. For last year, see the 2023 S&P 500 return.
Here are the fields you'll see after using this S&P 500 return calculator:
S&P 500 Index Return - The total price return of the ..read more
Don't Quit Your Day Job
2M ago
Happy New Year!
Welcome back to all of you who have been subscribed for a while, and welcome to those who have joined since the last time I wrote. I hope you all had an excellent holiday season and start to the year.
(And yes, it's been a quarter. I do plan on writing more this year – more on that, below).
In this post, let me update you on the – ahem, updates – to the more popular series on the site, and then I'll talk a little bit about my plans for the year.
Updated Posts
Last time I wrote to you all, I updated you on the most popular two series on the site: Income and N ..read more
Don't Quit Your Day Job
2M ago
I get many questions about the top one percent in net worth and income. And, as you might expect, net worth and income blend quite a bit... so I also get questions about the correlation of net worth and income in the United States. Usually, people wonder how well income predicts net worth.
Income does not predict wealth all that well. There certainly is a relationship, though it's relatively weak. In 2022-23 in America, the correlation between income and net worth was .5593, an R^2 of .3128.
Read on for the correlation of income and net worth by age – and arg ..read more
Don't Quit Your Day Job
2M ago
Below are estimated United States retirement savings statistics by age for 2023, from surveys conducted between 2022 and 2023 (the newest data we have until 2026). You'll find the average retirement savings by age, along with median, and top 1% of savings.
For a fuller accounting of net worth as opposed to only savings for retirement, see our net worth by age research.
Retirement Savings Benchmarks by Age in 2023
The following chart summarizes retirement savings statistics by age. First, I use a strict definition of retirement savings – 'retirement accounts' and any defined benefit plans which ..read more
Don't Quit Your Day Job
2M ago
On this page are estimated United States retirement savings. Statistics are for households headed by adults aged 32-61 at the time of the survey (results from 2022-2023). It's the newest United States data until September 2026.
You'll see average retirement savings, median retirement savings, top 1% retirement savings, and a retirement savings percentile calculator to rank a savings amount versus the adult population.
Perhaps more relevantly, later see our retirement savings by age post. For a fuller accounting of net worth in America (including assets such as businesses and real estate equity ..read more