{"id":16224,"date":"2025-03-31T12:06:43","date_gmt":"2025-03-31T18:06:43","guid":{"rendered":"https:\/\/www.lexingtonlaw.com\/blog\/?p=16224"},"modified":"2025-06-03T16:28:14","modified_gmt":"2025-06-03T22:28:14","slug":"average-net-worth-by-age","status":"publish","type":"post","link":"https:\/\/www.lexingtonlaw.com\/blog\/finance\/average-net-worth-by-age.html","title":{"rendered":"Average net worth by age for Americans for 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"570\" height=\"190\" src=\"https:\/\/www.lexingtonlaw.com\/blog\/wp-content\/uploads\/2021\/07\/average-net-worth-by-age-header.jpg\" alt=\"Man and daughter sit in front of a laptop.\" class=\"wp-image-16227\"\/><\/figure>\n\n\n\n<p><em>The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. <\/em><a href=\"https:\/\/www.lexingtonlaw.com\/disclaimer\" target=\"_blank\" rel=\"noreferrer noopener\"><em>See Lexington Law\u2019s editorial disclosure for more information.<\/em><\/a><\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-background has-link-color wp-elements-17c232544b59e90cc45db8846dc97210\" style=\"background-color:#00214f\">As of 2022, the average net worth of Americans under 35 was $183,500, $549,600 for ages 35 \u2013 44, $975,800 for 45 \u2013 54, $1,566,900 for 55 \u2013 64, $1,794,600 for 65 \u2013 74 and $1,624,100 for 75 and up.<\/p>\n\n\n\n<p>Your net worth provides a fuller picture of how much you currently own and how financially prepared you are for the future. It\u2019s a good measure of your overall financial stability because it considers assets, like cash, investments and property, as well as debts, like loans, mortgages and credit card balances.<\/p>\n\n\n\n<p>Recent data from the <a href=\"https:\/\/www.federalreserve.gov\/publications\/files\/scf23.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Reserve<\/a> gives us a good idea of how Americans are doing financially. This information can help you see how you compare to other Americans. We\u2019ll also provide some tips for how to grow your net worth based on your demographics and circumstances.<\/p>\n\n\n\n<p>Or, you can jump to our infographic to learn facts about net worth, the wealth gap, and some key statistics.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key takeaways<\/h3>\n\n\n\n<ul>\n<li>The highest average American net worth belongs to those aged 65 to 74 at $1,794,600.<\/li>\n\n\n\n<li>Americans 55 to 64 years old have the second-highest average net worth at $1,566,900.<\/li>\n\n\n\n<li>Couples with no children have the highest average net worth among family structures at $1,867,480.<\/li>\n\n\n\n<li>Those who buy a home hold a higher average net worth than renters, at $1,530,900.<\/li>\n<\/ul>\n\n\n\n<p><strong>Table of contents<\/strong>:<\/p>\n\n\n\n<ul>\n<li><a href=\"#average-net-worth\">What is the average American\u2019s net worth?<\/a><\/li>\n\n\n\n<li><a href=\"#age-group\">Average American net worth by age group<\/a><\/li>\n\n\n\n<li><a href=\"#top-percentile\">Average net worth by top percentile and age<\/a><\/li>\n\n\n\n<li><a href=\"#education\">Average net worth by education<\/a><\/li>\n\n\n\n<li><a href=\"#family-structure\">Average net worth by family structure<\/a><\/li>\n\n\n\n<li><a href=\"#housing-status\">Average net worth by housing status<\/a><\/li>\n\n\n\n<li><a href=\"#race-or-ethnicity\">Average net worth by race or ethnicity<\/a><\/li>\n\n\n\n<li><a href=\"#why-net-worth-matters\">Why your net worth matters<\/a><\/li>\n\n\n\n<li><a href=\"#calculated\">How is net worth calculated?<\/a><\/li>\n\n\n\n<li><a href=\"#increase-your-net-worth\">How to increase your net worth<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"average-net-worth\">What is the average American\u2019s net worth?<\/h2>\n\n\n\n<p>The average American\u2019s net worth as of 2022 is $1,063,700 when looking at the mean for U.S. households.<\/p>\n\n\n\n<p>Averages, listed as the \u201cmean\u201d in the Federal Reserve report, can be skewed when certain individuals have a much higher or lower net worth. You\u2019ll find the median value in the tables below, which is closer to the net worth of the typical household. The overall median for households in the U.S. is $192,900.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"age\">Average American net worth by age group<\/h2>\n\n\n\n<p>In general, as Americans age, their net worth increases. Over time, people are able to command higher salaries and purchase property\u2014meanwhile, their investments and retirement accounts continue to grow.<\/p>\n\n\n\n<p>The one caveat is for individuals 75 years and older. This is due to individuals no longer working and spending their retirement savings later in life.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Age group<\/strong><\/th>\n        <th><strong>Median net worth (2022)<\/strong><\/th>\n        <th><strong>Average net worth (2022)<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>Under 35 years old<\/td>\n        <td>$39,000<\/td> \n  <td>$183,500<\/td> \n      <\/tr>\n      <tr>\n  <td>35-44 years old<\/td>\n        <td>$135,600<\/td> \n  <td>$549,600<\/td> \n      <\/tr>\n      <tr>\n  <td>45-54 years old<\/td>\n        <td>$247,200<\/td> \n  <td>$975,800<\/td> \n      <\/tr>\n      <tr>\n  <td>55-64 years old<\/td>\n        <td>$364,500<\/td> \n  <td>$1,566,900<\/td> \n      <\/tr>\n      <tr>\n  <td>65-74<\/td>\n        <td>$409,900<\/td> \n  <td>$1,794,600<\/td> \n      <\/tr> \n      <tr>\n  <td>75 years or older<\/td>\n        <td>$335,600<\/td> \n  <td>$1,624,100<\/td> \n      <\/tr> \n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"top-percentile\">Average net worth by top percentile and age<\/h2>\n\n\n\n<p>The top one percent of net worth are some of the outliers. Here\u2019s what the top one percent is making by age, according to <a href=\"https:\/\/dqydj.com\/net-worth-percentiles-by-age\/\" target=\"_blank\" rel=\"noreferrer noopener\">DQYDJ\u2019s 2023 report<\/a>:<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Age<\/strong><\/th>\n        <th><strong>Top 1% net worth<\/strong><\/th>\n        <th><strong>Age<\/strong><\/th>\n        <th><strong>Top 1% net worth<\/strong><\/th>\n<tr>\n  <td>18-24<\/td>\n        <td>$653,224<\/td> \n  <td>55-59<\/td> \n  <td>$15,371,684<\/td> \n      <\/tr>\n       <tr>\n  <td>25-29<\/td>\n        <td>$2,121,910<\/td> \n  <td>60-64<\/td> \n  <td>$17,869,960<\/td> \n      <\/tr>\n      <tr>\n  <td>30-34<\/td>\n        <td>$2,636,882<\/td> \n  <td>65-69<\/td> \n  <td>$22,102,660<\/td> \n      <\/tr>\n      <tr>\n  <td>35-39<\/td>\n        <td>$4,741,320<\/td> \n  <td>70-74<\/td> \n  <td>$18,761,580<\/td> \n      <\/tr>\n      <tr>\n  <td>40-44<\/td>\n        <td>$7,835,420<\/td> \n  <td>75-79<\/td> \n  <td>$19,868,894<\/td> \n      <\/tr>\n      <tr>\n  <td>45-49<\/td>\n        <td>$8,701,500<\/td> \n  <td>80+<\/td> \n  <td>$16,229,800<\/td> \n      <\/tr>\n      <tr>\n  <td>50-54<\/td>\n        <td>$13,231,940<\/td> \n  <td><\/td> \n  <td><\/td> \n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"education\">Average net worth by education<\/h2>\n\n\n\n<p>While higher education can be costly in the short term, the results are noticeable for Americans who obtain college degrees. At every additional stage of education, both average and median net worth increase for American households. One concern Americans have is taking on <a href=\"https:\/\/www.lexingtonlaw.com\/credit-repair\/focus-tracks\/student-loan\" target=\"_blank\" rel=\"noreferrer noopener\">student loan debt<\/a>, but picking the right major can help you pay off your debt while increasing your net worth.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Education<\/strong><\/th>\n        <th><strong>Median net worth (2022)<\/strong><\/th>\n        <th><strong>Average net worth (2022)<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>No high school diploma<\/td>\n        <td>$38,100<\/td> \n  <td>$175,600<\/td> \n      <\/tr>\n      <tr>\n  <td>High school diploma<\/td>\n        <td>$106,800<\/td> \n  <td>$413,300<\/td> \n      <\/tr>\n      <tr>\n  <td>Some college<\/td>\n        <td>$136,500<\/td> \n  <td>$541,100<\/td> \n      <\/tr>\n      <tr>\n  <td>College degree<\/td>\n        <td>$464,600<\/td> \n  <td>$2,003,400<\/td> \n      <\/tr>       \n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p>The difference between college graduates and those who did not finish high school is stark: the median net worth for those with a college degree is over 11 times higher than the median net worth of those without a high school diploma.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"family-structure\">Average net worth by family structure<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.federalreserve.gov\/econres\/scf\/dataviz\/scf\/chart\/#series:Net_Worth;demographic:famstruct;population:1,2,3,4,5;units:mean\" target=\"_blank\" rel=\"noreferrer noopener\">family structure statistics for net worth<\/a> show a positive effect for couples, likely due to their ability to share expenses, savings and investments. Even couples who must provide for dependents have a higher average net worth than single people with no children.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Family structure<\/strong><\/th>\n        <th><strong>Median net worth (2022)<\/strong><\/th>\n        <th><strong>Average net worth (2022)<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>Single (less than 55 years old), no child<\/td>\n        <td>$20,690<\/td> \n  <td>$198,970<\/td> \n      <\/tr>\n      <tr>\n  <td>Single with child(ren)<\/td>\n        <td>$50,750<\/td> \n  <td>$274,130<\/td> \n      <\/tr>\n      <tr>\n  <td>Single (55 years or older), no child<\/td>\n        <td>$162,920<\/td> \n  <td>$721,820<\/td> \n      <\/tr>\n      <tr>\n  <td>Couple with child(ren)<\/td>\n        <td>$250,620<\/td> \n  <td>$1,159,730<\/td> \n      <\/tr>\n      <tr>\n  <td>Couple, no child<\/td>\n        <td>$398,960<\/td> \n  <td>$1,867,480<\/td> \n      <\/tr>      \n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p>That said, the group with the highest average net worth is couples without children, who have an average net worth many times as large as that of single people without children.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"housing-status\">Average net worth by housing status<\/h2>\n\n\n\n<p>Those who <a href=\"https:\/\/www.lexingtonlaw.com\/education\/credit-score-needed-buy-a-house\" target=\"_blank\" rel=\"noreferrer noopener\">buy a house<\/a> have a much higher average net worth, as the value of a house contributes significantly to a person\u2019s net worth.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Housing status<\/strong><\/th>\n        <th><strong>Median net worth (2022)<\/strong><\/th>\n        <th><strong>Average net worth (2022)<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>Renter or other<\/td>\n        <td>$10,400<\/td> \n  <td>$154,900<\/td> \n      <\/tr>\n      <tr>\n  <td>Homeowner<\/td>\n        <td>$396,200<\/td> \n  <td>$1,530,900<\/td> \n      <\/tr>       \n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p>Many people see buying a home as an investment, and these numbers show why. Being a homeowner makes a person\u2019s net worth increase by over 1,000 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Retirement account ownership rates by race or ethnicity<\/strong><\/h2>\n\n\n\n<p>Like net worth, retirement account ownership can expose some potential inequalities in the U.S.&nbsp;<strong><\/strong><\/p>\n\n\n\n<p>Data from the U.S. Census Bureau data reveals that Black Americans own retirement accounts by almost 20 fewer percentage points than White Americans \u2014 and the gap is even bigger for Hispanic Americans.<strong><\/strong><\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Race or ethnicity<\/strong><\/th>\n        <th><strong>Median net worth (2022)<\/strong><\/th>\n        <th><strong>Average net worth (2022)<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>White, non-Hispanic<\/td>\n        <td>$285,000<\/td> \n  <td>$1,367,200<\/td> \n      <\/tr>\n      <tr>\n  <td>Black or African American, non-Hispanic<\/td>\n        <td>$44,900<\/td> \n  <td>$211,500<\/td> \n      <\/tr>    \n      <tr>\n  <td>Hispanic or Latino<\/td>\n        <td>$61,600<\/td> \n  <td>$227,500<\/td> \n      <\/tr>\n      <tr>\n  <td>Asian<\/td>\n        <td>$536,000<\/td> \n  <td>$1,826,900<\/td> \n      <\/tr>\n      <tr>\n  <td>Other or multiple races<\/td>\n        <td>$132,900<\/td> \n  <td>$849,800<\/td> \n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p>Ideally, by the time you retire, these investments will have grown to a point where you have enough money to have a comfortable retirement. They steadily grow your wealth by investing your contributions into stocks or bonds.<strong><\/strong><\/p>\n\n\n\n<p>A common retirement account option is an <a href=\"https:\/\/www.investor.gov\/additional-resources\/retirement-toolkit\/self-directed-plans-individual-retirement-accounts-iras\">individual retirement account <\/a>(IRA), which you can open with a stock brokerage. There are also 401(k) accounts, which go through your employer.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Average 401(k) savings by generation<\/strong><\/h3>\n\n\n\n<p>A <a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/401k-plan\">401(k) plan<\/a> is a popular tax-advantaged employer retirement account that contributes to your overall net worth. This plan is popular with many workers because employers will typically match a certain percentage of contributions.&nbsp;<\/p>\n\n\n\n<p>The following data comes from the <a href=\"https:\/\/www.fidelityworkplace.com\/s\/page-resource?ccsource=oa%7Cwpsreslib%7Cpressrelease%7Cwps-buildfinfut%7Cwps-bff%7C%7Cwps-bff-11-14-22%7C&amp;cId=fidelity_building_financial_futures_report\">Fidelity Building Financial Futures report<\/a> and shows the average 401(k) balance by generation.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Generation<\/strong><\/th>\n        <th><strong>Average balance<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>Baby Boomers (1946 &#8211; 1964)<\/td>\n        <td>$249,300<\/td> \n      <\/tr>\n      <tr>\n  <td>Gen X (1965 &#8211; 1980)<\/td>\n        <td>$192,300<\/td> \n      <\/tr>    \n      <tr>\n  <td>Millennials (1981 &#8211; 1996)<\/td>\n        <td>$67,300<\/td> \n      <\/tr>\n      <tr>\n  <td>Gen Z (1997 &#8211; 2012)<\/td>\n        <td>$13,500<\/td> \n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-net-worth-matters\">Why your net worth matters<\/h2>\n\n\n\n<p>Your net worth is a good way to see how you\u2019re doing financially in the present as well as how well you\u2019re prepared for the future. An individual\u2019s net worth includes savings and retirement funds, like a 401(k), as well as any investments like stocks or bonds that you own. When you have a higher net worth, you\u2019ll be able to retire comfortably, and if you\u2019re a parent, you\u2019ll be more able to leave your children with some of your assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"calculated\">How is net worth calculated?<\/h2>\n\n\n\n<p>In short, your net worth is what you own minus what you owe. You\u2019ll typically hear people say your assets (what you own) minus your liabilities (what you owe).<\/p>\n\n\n\n<p>Assets include money in your bank accounts or investments, as well as the value of your property, like a home or a car. Your liabilities may include credit card balances, loans or a mortgage. You have a positive net worth if you have more assets than debts, and you have a negative net worth if your debts outnumber your assets.<\/p>\n\n\n\n<p>Based on your net worth, you can also determine your social class, including whether you fall within the <a href=\"https:\/\/www.lexingtonlaw.com\/blog\/finance\/middle-class-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">middle class<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"increase-your-net-worth\">How to increase your net worth<\/h2>\n\n\n\n<p>There are various ways to increase your net worth, like improving your financial literacy. Many Americans say they didn\u2019t receive <a href=\"https:\/\/www.lexingtonlaw.com\/blog\/news\/generational-credit-survey.html\" target=\"_blank\" rel=\"noreferrer noopener\">generational education about credit<\/a> and other aspects of financial literacy, so learning about building credit, saving and investing can help set you up for success financially.<\/p>\n\n\n\n<p>Here, we\u2019ve broken down some other ways to increase your net worth by age group. There are different strategies that benefit individuals at different times in their lives, so we\u2019ve included tailored tips by age below.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>20 to 30 years old<\/strong><\/h3>\n\n\n\n<p>Begin to more seriously plan for retirement by saving and investing. A <a href=\"https:\/\/www.lexingtonlaw.com\/blog\/finance\/early-retirement-calculator.html\" target=\"_blank\" rel=\"noreferrer noopener\">retirement calculator<\/a> is a great place to start because it gives you an idea of how much you need to save to reach your retirement goals. You should also learn <a href=\"https:\/\/www.lexingtonlaw.com\/education\/what-affects-credit-score\" target=\"_blank\" rel=\"noreferrer noopener\">what affects your credit score<\/a> and what you need to do to improve it so you have a solid financial foundation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>30 to 40 years old<\/strong><\/h3>\n\n\n\n<p>At this point, many people are beginning to make larger financial decisions and start their families. This is the time to really manage your spending habits and start planning for big events like marriage, children and buying a home.&nbsp;<\/p>\n\n\n\n<p>During this time, you should continue working on your credit because it can help you buy a better home and vehicle and fund major events, like a wedding.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>40 to 50 years old<\/strong><\/h3>\n\n\n\n<p>Some people don&#8217;t buy a home in their 30s, but they can be a great investment. If possible, have enough to buy a home by this time so you can sell it later or pass it on to your children to give them a head start. This is also when it&#8217;s time to beware of &#8220;lifestyle creep,&#8221; meaning you&#8217;re gradually spending more without realizing it due to your increased income.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>50 to 70 years old<\/strong><\/h3>\n\n\n\n<p>Once you reach 50, it&#8217;s time to start seriously preparing for retirement. Look over your retirement account numbers and see if you&#8217;re on track to meet your goals. The amount of money you&#8217;ll need to retire is different for everyone.&nbsp;<\/p>\n\n\n\n<p>Ideally, you&#8217;ll have enough to accommodate your lifestyle and other activities you&#8217;d like to do in retirement, like travel. If you&#8217;re not on track, start saving more aggressively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>70 and older<\/strong><\/h3>\n\n\n\n<p>Now that you&#8217;ve retired, you can worry less about growing your net worth. You&#8217;ve spent your life being financially savvy, and now it&#8217;s time to enjoy your golden years. To simplify things, you can set up a monthly withdrawal schedule from your retirement fund that can cover your living expenses and activities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Average amount of debt by age<\/strong><\/h3>\n\n\n\n<p>Debt significantly impacts net worth because net worth is assets minus liabilities. Recent reports show the <a href=\"https:\/\/www.lexingtonlaw.com\/blog\/loans\/consumer-debt-statistics.html\" target=\"_blank\" rel=\"noreferrer noopener\">average consumer debt<\/a> among Americans was nearly $17 trillion by the end of 2022.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.census.gov\/data\/tables\/2022\/demo\/wealth\/wealth-asset-ownership.html\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. Census Bureau<\/a> also calculated the median debt for Americans, which includes both secured debts, like mortgage and auto loans, and unsecured debts, like student loans and medical debt.<\/p>\n\n\n\n<style>\n.cutout-table_main {\n  width: 100%;\n  overflow: auto;\n}\n.cutout-table_main::-webkit-scrollbar {\n  width: 4px;\n  height: 5px;\n}\n.cutout-table_main::-webkit-scrollbar-track {\n  box-shadow: inset 0 0 6px rgba(0, 0, 0, 0.3);\n  border-radius: 50px;\n}\n.cutout-table_main::-webkit-scrollbar-thumb {\n  background-color: #00214f;\n  outline: 1px solid slategrey;\n  border-radius: 50px;\n  cursor: pointer;\n}\n\n.cutout-table {\n  display: block;\n  table-layout: fixed;\n  display: table;\n}\n.cutout-table th {\n  background-color: #00214f !important;\n  color: #fff;\n  border-left: solid 1px #fff;\n  padding: 1.6rem;\n}\n.cutout-table th:first-child {\n  border-left: solid 1px #00214f;\n}\n.cutout-table th:last-child {\n  border-right: solid 1px #00214f;\n}\/*# sourceMappingURL=style.css.map *\/\n<\/style>\n\n<div class=\"cutout-table_main\">\n  <table class=\"cutout-table\">\n    <tbody>\n      <tr>\n        <th><strong>Age<\/strong><\/th>\n        <th><strong>Median value of debt<\/strong><\/th>\n      <\/tr>\n<tr>\n  <td>Less than 35 years<\/td>\n        <td>$52,200<\/td> \n      <\/tr>\n      <tr>\n  <td>35 to 44 years<\/td>\n        <td>$121,400<\/td> \n      <\/tr>    \n      <tr>\n  <td>45 to 54 years<\/td>\n        <td>$100,500<\/td> \n      <\/tr>\n      <tr>\n  <td>55 to 64 years<\/td>\n        <td>$70,000<\/td> \n      <\/tr>\n       <tr>\n  <td>65 to 69 years<\/td>\n        <td>$40,000<\/td> \n      <\/tr>\n       <tr>\n  <td>70 to 74 years<\/td>\n        <td>$35,000<\/td> \n      <\/tr>\n       <tr>\n  <td>75 and over<\/td>\n        <td>$17,000<\/td> \n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/div>\n\n\n\n<p>As people enter their 30s and 40s, they accumulate more debt because this is when many start growing a family and buying homes. As people age, they often have less debt because they&#8217;ve paid it down over the years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Build your net worth by focusing on your credit score<\/strong><\/h2>\n\n\n\n<p>Many people don\u2019t realize <a href=\"https:\/\/www.lexingtonlaw.com\/education\/bad-credit-score\" target=\"_blank\" rel=\"noreferrer noopener\">bad credit<\/a> costs you money and can make it difficult to grow your net worth. A poor credit score is often due to outstanding debts, meaning you have less to save and invest because you&#8217;re paying back loans. Improving your credit score increases your overall financial well-being.&nbsp;<\/p>\n\n\n\n<p>If you&#8217;re unsure of your credit score, allow Lexington Law Firm to help. Sign up to <a href=\"https:\/\/www.lexingtonlaw.com\/credit-snapshot\/pi\" target=\"_blank\" rel=\"noreferrer noopener\">get your free credit assessment today<\/a>.<\/p>\n\n\n\n<p><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/lexingtonlaw.com\/disclaimer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>Note:<\/em><\/strong><\/a><em> Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of 2022, Americans aged 65 \u2013 74 had the highest average net worth by age, while those under 35 had the lowest. See how net worth compares by age.<\/p>\n","protected":false},"author":63,"featured_media":16227,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Average Net Worth by Age for Americans for 2025<\/title>\n<meta name=\"description\" content=\"As of 2022, Americans aged 65 \u2013 74 had the highest average net worth by age, while those under 35 had the lowest. See how net worth compares by age.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lexingtonlaw.com\/blog\/finance\/average-net-worth-by-age.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Average net worth by age for Americans for 2025\" \/>\n<meta property=\"og:description\" content=\"As of 2022, Americans aged 65 \u2013 74 had the highest average net worth by age, while those under 35 had the lowest. 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