What Is Average American Net Worth by Individual?
Average American net worth by individual refers to the mean or median value of assets minus liabilities for adults in the United States. Median net worth is often more representative than the mean because it is less affected by a small number of very wealthy households.
Key Figures and Trends
Federal Reserve data shows that median net worth for U.S. families was roughly $192,000 in 2022, while mean net worth was higher, around $1.06 million. Net worth typically rises with age, peaking among households headed by people in their mid-60s and early 70s.
Factors That Influence Net Worth
Homeownership, retirement account balances, education, and income are major drivers of net worth. High-cost debt, such as credit card balances, can reduce net worth, while consistent saving and investment growth tend to increase it over time. For more detailed tables and methodology, see the Federal Reserve Survey of Consumer Finances.
