Somersoft Equity/Net Assets Poll
- Thread starter JIT
- Start date
Likewise..
Your number appears to be 160,000 / 21,000,000 = 0.0076 = 0.76%. That is individuals divided by the Aus population of individuals.
I would suggest that the number is 160,000 households / 7,735,778 Aus household population at 2003-2004 = 0.021 = 2.1%.
See this thread. I think the 160,000 refers to australians with US$1M of investable assets ie not inc PPOR.
Wealth by age poll would require at least 10 and preferably more than 30 posters for each age category to avoid statistical noise due to small sample size. Not enough posters here?
Here is an interpolation of the Aus household net worth by age at 2003-04 taken from:
http://www.ausstats.abs.gov.au/ausstats/subscriber.nsf/0/9D62DEE16A1DAEA4CA25715C007975D9/$File/wealth_pub_6554.xls
Table 20.
The ABS net worth figures include all assets & liabilities - not just financial assets & liabilites as used in the finance indistry.
Net worth is increasing by a real ~1% / year = ~5% nominal by 4 years = increased by ~15-20% to 2007.
Notice that wealth in the Aus population tends to increase linearly with age rather than by compound growth - which should be the aim of the net wealth focused.
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Yes, just a reminder so that we are comparing apples with apples, 'net worth' figures usually quoted exclude your PPOR, whereas this poll is specifically including PPOR, so I called it 'equity' or 'net assets' instead...
GSJ
Beautiful isn't it!
Almost shaped like a perfect looking bell curve! - a few more days to go though till the poll closes, so let's wait and see the end result...
GSJ
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Thanks for the graphs.
182 votes.
The shape of the poll vote curve is largely the result of the irregular category ranges. The irregular, approximately logarithmic ranges were needed to capture the large range in values. Had the ranges been constant a drooping curve, not a bell curve, would be evident:
The shape of the poll vote curve is largely the result of the irregular category ranges. The irregular, approximately logarithmic ranges were needed to capture the large range in values. Had the ranges been constant a drooping curve, not a bell curve, would be evident:
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I think the poll should be used to collect the infomation regarding age vs wealth, and then plot it on a graph. I would assume the graph would generally increase as the ages increase. It would be interesting to see where the dots cluster, however, there will be some which are way above or below average.
So, the more options for the poll, the better result I think.
Spider.
So, the more options for the poll, the better result I think.
Spider.
That would be an interesting poll, give's a little more perspective. One thing I would suggest, as someone already mentioned earlier on - break up the lower values a bit. Instead of $100-500k maybe make it $100-$200k, $200-500k, $500-$750k, $750-$1m maybe? And just for the fun of it, throw in a $100M+ in at the end
PS Another interesting poll would be Age vs Total Asset Value under control
I think getting everyones data together and turning it into a scatter plot or something similar would be best. I don't think a poll would really work, because you are using 2 variables. Also, if it was done this way, people could provide fairly detailed responses - $550,000 for example, as opposed to $500,000 - $1M.
BR
BR
The only problem with that is that polls are generally anonymous. (The mods can see who voted what but the public can't).
To get peoples exact position they would have to volunteer it out in the open for all to see. I think many will not do that which will skew the results.
The poll system isn't really good for in depth data collection. It's limited to the number of options you can have which means you have to categorise the questions.
Sorry I can't think of any better way to do it though, unless an external page was set up that allowed people to anonymously choose from a very large array of options.
Cheers,
Arkay.
To get peoples exact position they would have to volunteer it out in the open for all to see. I think many will not do that which will skew the results.
The poll system isn't really good for in depth data collection. It's limited to the number of options you can have which means you have to categorise the questions.
Sorry I can't think of any better way to do it though, unless an external page was set up that allowed people to anonymously choose from a very large array of options.
Cheers,
Arkay.
Perhaps a mod could collate the data annonymously via PM's or similar so that the information is not public. More work involved this way but I think if it's going to be done, it should be done properly. Maybe the software needs a rewrite so we can get some more advanced statistical analysis going? Just don't ask me to do it.
BR
BR
Is that so, that's not really anonymous then is it - is this the case Moderators???
I think this wealth/age poll is in the 'too hard/can't be bothered anymore' basket for me! If anyone else wants to do it, go for it.
GSJ
