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As of 2022, the average net worth of Americans under 35 was $183,500, $549,600 for ages 35 – 44, $975,800 for 45 – 54, $1,566,900 for 55 – 64, $1,794,600 for 65 – 74 and $1,624,100 for 75 and up.
Your net worth provides a fuller picture of how much you currently own and how financially prepared you are for the future. It’s a good measure of your overall financial stability because it includes cash, investments and property, as well as debts like loans, mortgages and credit card balances.
The most recent data from the Federal Reserve gives us a good idea of how Americans are doing financially. Using this information, we can help you see where you’re at compared to other Americans, and we’ll also provide some tips for how to grow your net worth based on your demographics and circumstances.
Or you can jump to our infographic to learn how to calculate your net worth, as well as some key statistics.
Or you can jump to our infographic to learn how to calculate your net worth, as well as some key statistics.
Key takeaways
- The highest average American net worth belongs to those aged 65 to 74 at $1,794,600.
- Americans 55 to 64 years old have the second-highest average net worth at $1,566,900.
- Couples with no children have the highest average net worth among family structures at $1,867,480.
- Those who buy a home hold a higher average net worth than renters, at $1,530,900.
Table of contents:
What is the average American’s net worth?
The average American’s net worth as of 2022 is $1,063,700 when looking at the mean for U.S. households.
Averages, listed as the “mean” in the Federal Reserve report, can be skewed when certain individuals have a much higher or lower net worth. You’ll find the median value in the tables below, which is closer to the net worth of the typical household. The overall median for households in the U.S. is $192,900.
Average American net worth by age group
In general, as Americans age, their net worth increases. Over time, people are able to command higher salaries and purchase property—meanwhile, their investments and retirement accounts continue to grow.
The one caveat is for individuals 75 years and older. This is due to individuals no longer working and spending their retirement savings later in life.
Age group | Median net worth | Average net worth |
---|---|---|
Under 35 years old | $13,900 | $76,300 |
35–44 years old | $91,300 | $436,200 |
45–54 years old | $168,600 | $833,200 |
55–64 years old | $212,500 | $1,175,900 |
65–74 | $266,400 | $1,217,700 |
75 years or older | $254,800 | $977,600 |
Average net worth by top percentile and age
The top one percent of net worth are some of the outliers. Here’s what the top one percent is making by age, according to DQYDJ’s 2023 report:
Age | Top 1% net worth | Age | Top 1% net worth |
---|---|---|---|
18 – 24 | $435,076.59 | 55 – 59 | $17,545,848.60 |
25 – 29 | $606,188.36 | 60 – 64 | $14,629,637.13 |
30 – 34 | $956,944.74 | 60 – 69 | $16,439,046.11 |
35 – 39 | $4,034,486.45 | 70 – 74 | $12,625,305.04 |
40 – 44 | $7,909,636.79 | 75 – 79 | $12,770,142.25 |
45 – 49 | $10,494,100.10 | 80+ | $9,932,353.20 |
50 – 54 | $13,524,093.87 |
Source: lexingtonlaw.com