Average Net Worth by Age in the U.S. [Where Do You Currently Stand?]
While you might not be a fan of looking at your overall financial health, understanding the average net worth and how to calculate your own are quite important.
What is Net Worth?
Your net worth is the total value of everything you currently own (your assets) minus everything you owe still or are currently in the process of paying off (these are called liabilities).
Average Net Worth In Your 20s
According to various numbers and studies, the average net worth range of Americans in their twenties is $56,000+.
Your 20s are usually a time when you’ve just graduated from college, trade school, and are starting your career.
Average Net Worth In Your 30s
According to various numbers and studies, the average net worth of people in their 30s is $170,000+.
Most financial gurus recommend having half of your annual salary saved up by the age of 30.
Average Net Worth In Your 40s
According to various numbers and studies, the average net worth of people in their 40s is $450,000+.
Your 40s are a time to keep growing your net worth, with your eye open to new opportunities.
Swipe up now for more financial tips!