Net worth by age: a sane way to benchmark
Comparing your net worth to a stranger's is mostly noise. Comparing it to your own income, savings rate and stage of life is signal.
Why the benchmarks you see are mostly useless
Published net-worth-by-age tables are usually built on American data, single-earner assumptions and no dowry, wedding or parental support obligations. Applied to an Indian household they produce either false comfort or unnecessary panic.
Better benchmarks
Multiples of annual income are more portable than absolute numbers: roughly one times income by 30, three times by 40, six times by 50, and eight to ten times by retirement is a defensible ladder. Savings rate — what share of take-home you keep — is more useful still, because you control it directly.
The comparison that matters
Your net worth this year against your net worth last year, adjusted for what you earned in between. Everything else is other people's circumstances.
Where FamTally comes in
FamTally does this for you: every asset and loan in one place, tagged to the family member who holds it, valued at today's figures, with net worth tracked as a running number the whole family can see. Add the AI assistant and you can simply ask what changed and why. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
Why does this matter for a family?
Because household money is held across several people and several instruments, and the only way to make a good decision is to see all of it at once.
How often should we review it?
Quarterly for the full picture, monthly for anything market-linked. More often than that is entertainment rather than planning.
Do we need an app for this?
A spreadsheet works if someone maintains it. An app helps when more than one person needs to see it, when live values matter, and when you want the history without keeping it by hand.