Average Net Worth by Age for Americans – 20s Will Surprise You!

It’s 2022 and we’re still struggling through the pandemic, which has brought eye-popping ups and downs in the stock market. It seems that everyone’s obsessed with the ever-growing net worth of Jeff Bezos, Elon Musk and Bill Gates these days.

So What is Net Worth?

Simply put, Net Worth = Assets – Liabilities This would mean that Jeff Bezos has approximately $200B worth of assets after subtracting all the loans & bills that he owes.

Average Net Worth in your 20s

Use your 20s to save aggressively and save everything! We paid off $800K in student & housing debt and accumulated $2M in assets in under 10 years. What’s our secret? We saved every dollar! 

Average Net Worth by Age 35

As per the American Federal Reserve, the average net worth by age 35 is $76,300. If that seems high, it’s because the ‘average’ gets skewed due to ultra-high net worth individuals.

Average Net Worth by Age 55 

The average net worth by age 55 is $833,000 and the median is $169,000.

Average Net Worth by Age 65 

The average net worth by age 65 goes up to $1.18 Million, while the median sits at $212,000

Swipe up to learn about the average net worth by age for Americans!