US Net Worth by Age — Federal Reserve SCF 2022
| Age Group | Median Net Worth | Mean Net Worth |
|---|---|---|
| Under 35 | $39,000 | $183,000 |
| 35–44 | $135,000 | $549,000 |
| 45–54 | $247,000 | $975,000 |
| 55–64 | $365,000 | $1,566,000 |
| 65–74 | $410,000 | $1,794,000 |
| 75+ | $335,000 | $1,624,000 |
Source: Federal Reserve Board. Survey of Consumer Finances (SCF), 2022. Published 2023.
Why the mean and median differ so dramatically
Wealth in the US is highly concentrated. The top 10% of households by wealth hold more than two-thirds of total US household wealth (Federal Reserve DFA data, 2023). This concentration pulls the mean (average) far above the median (the midpoint of all households). The median net worth is generally more meaningful for most people when comparing where they stand.
Sources
- Federal Reserve Board. "Survey of Consumer Finances, 2022." Board of Governors of the Federal Reserve System. federalreserve.gov
- Federal Reserve. "Distributional Financial Accounts (DFA)." Q4 2023.