What Percent Are You?

Paying for College
1

<p>As we near the time for filling out FAFSA – either again or for the first time – you can prep yourself a bit by checking out these two calculators from the Wall St. Journal site. On this page – <a href=“http://blogs.wsj.com/wealth--[/url]”>http://blogs.wsj.com/wealth--&lt;/a&gt; you will see a calculator over on the right hand side that allows you to input either your total annual household income or your total wealth, and see where you rank in the U.S.</p>

<p>For income, you need a household income of over $500,000 to qualify as the reviled/lauded (depending on your political views) 1%.</p>

<p>But I imagine that any families with incomes significantl over the 50 percent mark won’t qualify for any needs based aid, even if your total wealth drops you way down in the rankings (due to high mortgage, car payments, credti card debt, etc.</p>

2

<p>Link doesn’t work.</p>

<p><a href=“What Percent Are You? - WSJ”>What Percent Are You? - WSJ;

<p>My family is 30% now.</p>

<p>ETA: Hm, it’s interesting. We’ve gone from about 20% to 30% in just 2 years. I’m more interested in the fact that 22350 (the poverty threshold for a family of 4) is 28%.</p>

3

<p>That doesn’t seem very credible, or the >$500K to get in the top 1%.</p>

4

<p>99.5%…</p>

5

<p>Just last year the top 1% line was ~$350K. [Where</a> Do You Rank as a Taxpayer?](<a href=“http://www.kiplinger.com/features/archives/how-your-income-stacks-up.html]Where”>taxes: Advice, News, Features & Tips | Kiplinger)</p>

6

<p>350K was adjusted gross. Would love to know net.</p>