The 1st Annual FAANG FIRE Survey is now closed. I am going to need more time to do a proper deep dive. Until then I will leave you with the base pie charts from Google Forms of a number of the questions asked.
Remember, this is anonymous survey data. There will potentially be a bias in who spends the time to take the survey as well as no verification into how someone completes the survey.
Leave a comment to let me know which cuts of the data you are most interested in.
Question 1: What is your age range?
67% of survey respondents are older than 35.
Question 2: What is your gender?
64% of respondents are male.
Question 3: What is your marital status?
78% married or in a domestic partnership.
Question 3b: What is partner’s employment status?
Lots of dual income households.
Question 4: Do you have children or dependents?
Question 4a: How many children or dependents do you have?
Question 5: Do you own your home or rent?
Unlike me, most of you own your home.
Question 6: Where do you work?
36% work at Meta and FAANG overall makes up 51%. 31% in other tech companies.
Question 7 & 8: What is your current level and how many years have you worked across all role?
Question 9: Total Annual Household Income?
49% reporting >=$500,000 household income.
Question 10: What is your current New Worth?
53% have a total net worth of between $1,000,000 and $2,999,999.
Question 11: What is your Annual Household Spend?
Very even split across the spend spectrum overall.
Question 12: What is your Target Household Net Worth to Achieve FIRE?
55% are targeting a household net worth of >$5,000,000 to achieve FIRE.
Question 13: How Many Years Until You Plan to Achieve FIRE?
32.8% of you are planning to FIRE in the next 6 years.
Question 14: Do you plan to relocate after achieving FIRE?
Bonus Sub-Analysis
Of Married readers with FIRE goal of more than $6,000,000, 55% would define that as Chubby/Avocado FIRE.
FAANG FIRE Book Club
There was overwhelming support for a broadly FIRE themed book club! So let’s do it!
The first FAANG FIRE Book Club discussion of Christine Benz’s brand new book “How to Retire” kicks off on October 18th from 12-1:30pm PST. We will be discussing the first half of the book and it is open to all FAANG FIRE subscribers.
Make sure you have a copy of the book. It is available on Amazon Paperback, Kindle, your local bookstore, or as an Audible Audiobook.
I am curious your initial thoughts on the data? I didn’t fully anticipate how few early career tech workers were among us. Or perhaps they are the most likely to skip taking survey’s?
I missed this survey! My bad.
I'd like to understand the FIRE goal/timeline of DINK vs DEWK - if you can analyse and share :)
Fascinating! Love that you did this survey! Can you tell us how many people in total responded?