3 ms·
it's a bit of a shame they don't clearly define what the Y axis is - how they've reduced over the individuals. presumably they've taken the mean instead of the
by shoo 9y ago
it's a bit of a shame they don't clearly define what the Y axis is - how they've reduced over the individuals. presumably they've taken the mean instead of the median values.
comparing the "net worth by age" to the values of "Average Wealth (No House)" from [1] and crudely trying to compensate for the different age buckets gives something like this:
x0 : mediam wealth (no house), dqydj
x1 : average wealth (no house), dqydj
x2 : average(?) net worth (also seems to exclude housing), earnest.com applicant cohort
age x0 x1 x2 x2 / x1
25-29 4.4 16.9 2.4 14%
30-34 16.0 58.7 16.8 29%
35-39 17.2 203.0 28.5 14%
values in 100k USD
[1] https://dqydj.com/net-worth-by-age-calculator-united-states https://dqydj.com/net-worth-by-age-calculator-united-states
I guess from this one could tentatively claim that being an applicant for student loan refinancing is correlated with low average net wealth relative to the population as a whole. Which intuitively doesn't seem surprising!