Top 1% of Retirees Have 16.7M

https://finance.yahoo.com/news/super-wealthy-retirement-looks-savings-095900179.html

According to the SCF report, it takes a net worth of $16.7 million or more for those over 65 to be considered super wealthy. People at this level “engage in just about anything they want to engage in,” says Schmidt. These are people who travel extensively, pursue esoteric interests and own expensive assets like wineries.

But that represents just the top one percent of American retirees. Here’s how all the other categories are broken down, including the associated net worth for each category:

• Super wealthy (99th percentile): $16.7 million

• Wealthy (95th percentile): $3.2 million

• Well off (90th percentile): $1.9 million

• Middle class (50th percentile): $281,000

• Poor (20th percentile): $10,000

• Insolvent (less than the 20th percentile): $0