What Is Average Net Worth?
Average net worth is the total value of assets minus liabilities for a group of households or individuals. It shows a typical financial position at a given age or income level.
How Is Net Worth Calculated?
Net worth equals assets such as savings, investments, and real estate minus debts like mortgages, loans, and credit cards. Financial agencies use survey data to calculate median and mean figures for households.
Why Does Average Net Worth Vary?
Age, income, education, and home ownership affect net worth. Older households usually have higher averages due to longer saving periods, while younger households often carry more debt. Regional cost of living and access to credit also play a role. For recent data, see the Federal Reserve's Survey of Consumer Finances at https://www.federalreserve.gov/econres/scf.htm.
