Calculate Your Net Worth
Track your financial health by adding up all your assets and subtracting your liabilities
Assets $0
Liabilities $0
Average Net Worth by Age in the United States
Age Group | Median Net Worth | Average Net Worth |
---|---|---|
Under 35 | $13,900 | $76,300 |
35-44 | $91,300 | $436,200 |
45-54 | $168,600 | $833,200 |
55-64 | $212,500 | $1,175,900 |
65-74 | $266,400 | $1,217,700 |
75+ | $254,800 | $977,600 |
Source: Federal Reserve Survey of Consumer Finances (most recent data)
Tips to Improve Your Net Worth
- Pay off high-interest debt first - Focus on credit cards and personal loans.
- Build an emergency fund - Aim for 3-6 months of expenses.
- Maximize retirement contributions - Take advantage of employer matching.
- Invest regularly - Use tax-advantaged accounts and consistent contributions.
- Increase your income - Develop skills for career advancement or start a side hustle.
- Create a budget - Track spending and find areas to save more money.
Understanding Your Net Worth
What Is Net Worth?
Net worth is the difference between what you own (assets) and what you owe (liabilities). It's a snapshot of your financial position at a specific point in time.
About Assets
Assets are things you own that have monetary value. They include cash, investments, property, and personal possessions that could be sold for cash.
About Liabilities
Liabilities are debts or obligations you owe to others. These include mortgages, loans, credit card balances, and any other forms of debt.
Why Track Net Worth?
Tracking your net worth over time helps you measure financial progress, identify areas for improvement, and make better decisions about saving, spending, and investing.