How Does Your Net Worth Compare?

October 9, 2006

Have you ever wondered what your net worth should be based on your age? Although this doesn’t exactly show you what your net worth should be, it will give you an idea of what the average net worth is based on age range.

Take a look at this Family Net Worth Chart from page A8 of the Federal Reserve’s 2004 Survey (PDF):

Net Worth Median and Mean

To make it a little easier to read, I took the figures and multiplied them by 1,000 and put together the following table:

Age Range

Net Worth

Net Worth

Less than 35



35 – 44



45 – 54



55 – 64



65 – 74



75 or more



Median means that half of the households surveyed had a net worth above, and half had a net worth below the median. So, for the less than 35 group, half of those who took the survey had a household net worth of LESS THAN $14,200 and half had a net worth GREATER THAN $14,200. Notice the huge difference between the median and the average. The survey used real net worth, which is the difference between a families’ gross assets and their liabilities.

My wife and I are way above the median net worth for our age group (35 – 44) but below the average net worth for our group. That’s okay with me because we are on the young side of our age group. I fully expect us to be above average by the time we are in the upper end of our age group.

Where do you stand?

If you need help figuring out your net worth, I did a series of posts on net worth that might be helpful:


Your Net Worth Statement Part I

Your Net Worth Statement Part II

Your Net Worth Statement Part III

Your Net Worth Statement Part IV

Your Net Worth Statement Part V

111 responses to How Does Your Net Worth Compare?

  1. My wife and I are both 33, and work in IT. We have about $1,300,000 in assets and about $900,000 in liabilities. In 2007, the year before we got married, our net worth was just about $1million. In 2008, when the market crashed, our net worth was about -$50,000.00. We’ve got three rental properties but we’re underwater on two of them, and above water on our main house and the third rental property.

    The fact is, even if we’re worth $400,000, with the kind of leverage we are employing, there really is no way to predict what it will be in even 12-24 months.

    I can say this, I’ve never _felt_ like a millionaire, like you might see in a fancy house on CSI:Miami, and if either of us lost our jobs, we’d probably be in deep doodoo if we didn’t go back to work.

    My hope is that when our daughter turns 18, she’ll have $1million in fixed-income securities so she can pursue whatever career she wants and not worry about having to be a wage slave like us. >:)

  2. I ready many of these posts with fascination and bemusement. I fail to understand why so many people place so much of their self-worth on their net worth. There are more important things in life than your bottom line. As for me, I live well within my means, have enough in savings for a few rainy days and own my home. More importantly but perhaps less tangible, I have my health, spirituality and a love of life.

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  4. Hi , Very good information you are providing at here . Thanks for your knowledege , it vreally helps me a lot.

  5. Average includes people who earn billions which skews the average number way up. If you excluded people earning over 10 million per year the average and median would be much closer.

    Of course the bottom half includes people who earn Zero, so if you excluded those then you would shift the average again.

    Bottom line is that both ends of the bell curve skew the results – most people are interested in where they are compared to other folks – excluding those in skid row and prison and excluding the billionaires

  6. This blog is quite nice and informative, it is a pleasure to post a comment on this useful blog. Really E-learning stretches our education budget further with more training for the same time and effort. Helpful post want to know more about age factors related in stock market.

Trackbacks and Pingbacks:

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