Here's the average net worth of Americans at every age — how do you stack up? (Plus 3 simple tips to boost your wealth if you're way behind)

Here’s how to find your net worth — and some simple tips to boost it if you’re not happy with the final figure.

Finding your net worth

Calculating your net worth is fairly simple: Add up your assets from bank accounts, retirement accounts and investments as well as your house, vehicles and other property, then subtract your debts and liabilities. What’s left? That’s your net worth.

Understanding that asset total is important because it gives you a clear picture of your financial situation, helping you identify areas where you can improve your finances, like paying down debt or saving more money.

Additionally, knowing your net worth can be a helpful tool for planning for the future, like retirement or buying a house.

How do you stack up?

Before searching for your place in the wealth spectrum, it’s important to understand the difference between average worth and median worth. Keep in mind that the average will usually be higher, since that figure is heavily impacted by wealthy outliers whose totals raise the average even if most people in the group have considerably smaller sums.

Average net worth by age

Every three years the Federal Reserve outlines family net worth average and medians by age group. Here’s the latest data, released in October 2023.

• 35 and under: average of $183,500 and median of $39,000
• 35 to 44: average of $549,600 and median of $135,600
• 45 to 54: average of $975,800 and median of $247,200
• 55 to 64: average of $1,566,900 and median of $364,500
• 65 to 74: average of $1,794,600 and median of $409,900
• 75 and older: average of $1,624,100 and median of $355,600

Overall, the average net worth for all families increased by 23%; meanwhile, the median net worth for all families increased by 37 over the same period.