Net worth is the single best snapshot of your financial health. It's simple: what you own minus what you owe.
What to Include
Assets: Cash and savings, investments (401k, IRA, brokerage), home value, vehicle value, other property. Liabilities: Mortgage balance, student loans, car loans, credit card debt, personal loans, other debts.
Net Worth Benchmarks by Age
The Federal Reserve's Survey of Consumer Finances provides median and average net worth by age group (2022 data):
- Under 35: Median $39,000 / Average $183,500
- 35-44: Median $135,300 / Average $549,600
- 45-54: Median $247,200 / Average $975,800
- 55-64: Median $364,500 / Average $1,566,900
- 65-74: Median $409,900 / Average $1,794,600
If you're below the median, don't panic — focus on the trend. A net worth that increases every year means you're on the right track.
How to Increase Net Worth
- Pay down high-interest debt (instantly increases net worth)
- Maximize retirement contributions
- Build an emergency fund
- Invest consistently
- Avoid depreciating purchases
Track yours with our net worth calculator.