How Do You Stack Up Financially Against the Average American, Based on Age?

When it comes to personal finance, understanding how you stack up against others in your age group can be helpful. One metric that is often used to gauge financial health is net worth. Your networth is the sum total of your assets less your total debts. It’s a measure of your financial standing and can be a useful way to assess your progress toward your financial goals. In this article, we’ll look at the average net worth by age for Americans and explore what it means for you.

Why Is Net Worth Important?

The sum total of your assets minus your debts is your networth, and it is a crucial indicator of your financial well-being. By calculating your net worth, you can see how much progress you’re making toward your financial goals. For example, if you’re in your 30s and your net worth is $100,000, you’re doing better than most people in your age group. On the other hand, if your networth is negative, you may need to take steps to improve your financial situation.

Average Net Worth by Age

Here’s a breakdown of the average networth by age for Americans based on data from the Federal Reserve:

Under 35

Those under the age of 35 have an average net worth of $76,200. This includes all types of assets, such as retirement accounts and home equity.


The average net worth for those between the ages of 35 and 44 is $288,700. This is due in part to the fact that this age group is more likely to be in the workforce and earning a higher income than younger age groups.


The average net worth for those between the ages of 45 and 54 is $727,500. This age group is likely to have more assets, such as a home and retirement accounts, which contributes to their higher networth.


The average net worth for those between the ages of 55 and 64 is $1,167,400. This age group is getting closer to retirement age and may have accumulated more assets over the course of their careers.


The average networth for those between the ages of 65 and 74 is $1,066,000. This age group is likely to be retired and living off of their retirement savings.

75 and older

The average net worth for those aged 75 and older is $1,067,000. This age group may have accumulated wealth over the course of their lives and may be living off of their retirement savings and investments.

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How to Improve Your Net Worth

If you’re not happy with your networth, there are steps you can take to improve it. Here are a few ideas:

Increase Your Income

One of the best ways to improve your net worth is to increase your income. This can be done by asking for a raise, starting a side business, or taking on a part-time job.

Reduce Your Expenses

Cutting costs is another strategy for increasing wealth. This can be done by cutting back on discretionary spending, negotiating your bills, and finding ways to save on everyday expenses.

Invest Wisely

Investing your money wisely can also help you improve your networth. Consider investing in a diversified portfolio of stocks, bonds, and other assets that are aligned with your risk tolerance and investment goals.


Understanding your net worth and how it compares to others in your age group can be a useful way to gauge your financial health. By taking steps to increase your income, reduce your expenses, and invest wisely, you can improve your networth and work toward achieving your financial goals.

Net Worth by Age for Americans


What is the average net worth for a 25-year-old?

The average networth for a 25-year-old is around $10,400. This is largely due to the fact that many people in this age group are just starting out in their careers and may not have accumulated many assets yet.

How does net worth differ from income?

Net worth is the difference between your assets and liabilities, while income is the amount of money you earn in a given period of time. Networth provides a more complete picture of your financial health because it takes into account all of your assets and liabilities, not just your income.

How can I calculate my net worth?

To calculate your net worth, add up the value of all of your assets, including your home, retirement accounts, and other investments. Then subtract your liabilities, such as your mortgage, credit card debt, and other loans. The result is your networth.

What should I do if my net worth is negative?

If your net worth is negative, it’s important to take steps to improve your financial situation. This might include reducing your expenses, increasing your income, and paying down debt. Working with a financial advisor can also be helpful in developing a plan to improve your networth over time.

What other factors should I consider when assessing my financial health?

In addition to net worth, there are other factors that can impact your financial health, such as your credit score, debt-to-income ratio, and savings rate. It’s important to take a comprehensive approach to assessing your financial health and develop a plan that takes all of these factors into account.


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