Paul’s Perspective:
Understanding the average net worth by age is important for contextualizing and benchmarking financial growth. Recognizing these economic benchmarks offers a clearer picture of financial stability and aids in better financial planning and strategy.
Key Points in Article:
- Median net worth figures highlight economic disparities.
- Comparison of generational wealth emphasizes the need for tailored financial strategies.
- Data reflects varying economic impacts on age groups, influencing financial decisions.
Strategic Actions:
- Analyze your own net worth in the context of your age group.
- Examine economic factors influencing generational wealth distribution.
- Consider personalized financial strategies for wealth accumulation and management.
Dive deeper > Full Story:
Average Net Worth By Age Bracket
| AGE RANGE | NET WORTH |
| Less than 35 years old | $6,936 |
| 35 to 44 years old | $45,740 |
| 45 to 54 years old | $100,404 |
| 55 to 64 years old | $164,498 |
| 65 to 69 years old | $193,833 |
| 70 to 74 years old | $225,390 |
| 75 years old and over | $197,758 |
(Source: www.census.gov)
Average net worth by age (of millennials)
| AGE OF MILLENNIAL | AVERAGE NET WORTH |
| 35 | $20,236 |
| 34 | $17,351 |
| 33 | $13,599 |
| 32 | $9,896 |
| 31 | $6,036 |
| 30 | $2,093 |
| 29 | -$1,989 |
| 28 | -$6,036 |
| 27 | -$10,168 |
| 26 | -$14,447 |
| 25 | -$18,988 |
| 24 | -$23,704 |
| 23 | -$28,706 |
| 22 | -$33,984 |
| 21 | -$38,915 |
| 20 | -$27,129 |
| 19 | -$18,086 |
| 18 | -$8,893 |
The Bottom Line:
- This article analyzes the average net worth of different age cohorts.
- It provides valuable insights into the financial health and planning across generations.
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