What this article covers
Opher Ganel uses the Federal Reserve’s 2022 Survey of Consumer Finances (via DQYDJ.com) to show average net worth and percentiles from the 25th to the top 1% for 13 age groups, from 18–24 through 80 and above. He separates investable net worth from home equity, which makes up half or more of wealth for median households at most ages but as little as 4% for the top 1%. Three financial advisors then weigh in on when comparing your net worth to peers helps and when it backfires.
Key Takeaways
Median net worth by age is far below the average, so the median is the better benchmark
In the 55 to 59 age group, average net worth is $1,441,987 while the median is $321,074, because the immense wealth of the top few percentiles skews the average upward. Average net worth peaks at $1,836,884 for ages 65 to 69, while the median peaks a bit later at $438,700 for ages 70 to 74.
Home equity is half or more of net worth for typical households but a small share for the wealthy
At the 25th percentile, home equity exceeds half of net worth and reaches 86% in the late 70s, and at the median it is half or more for most age groups above 30, peaking at 73% for ages 80 and over. For the top 1%, it ranges from just 4% to 15%. Excluding home equity, median investable net worth peaks at $238k, about half the $439k total in the early 70s.
Financial advisors say your own goals matter more than how your net worth ranks against peers
Omar Morillo says comparisons can motivate better habits but can also push people toward excessive risk-taking, citing a client who chased high-risk ventures after comparing with friends and quickly faced significant losses. Carman Kubanda and Zack Swad favor focusing on your own situation and goals, and Opher Ganel suggests competing with your past self rather than everyone else.
Omar MorilloLooking at net worth percentiles and averages by age group…
Admit it! You can’t resist comparing yourself and your accomplishments to others, especially your peer group.
Right? I do this, too, on occasion. It’s only human.
In this article, I’m including several tables and graphs to help you compare. The data are all based on a Fed survey via DQYDJ.com.
How Does the Federal Reserve Define a Household in Net Worth Data?
First off, we want to know what we’re comparing. In this case, it’s household or family net worth.
How are families/households defined here?
According to the Fed, there were 131.3 million families or households in the US as of the most recent survey (2022), which the Fed defined: “… a household unit is divided into a primary economic unit (PEU) — the family — and everyone else in the household. The PEU is intended to be the economically dominant single person or couple (whether married or living together as partners) and all other persons in the household who are financially interdependent with that economically dominant person or couple.”
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Net Worth Percentiles by Age: Average, Median and Top 1%
To kick things off, the following table presents net worth percentiles and averages by age group.
The first column shows the age groups, and the second provides the average net worth for each age group.
Next, we see six columns showing the 25th, 50th, 75th, 90th, 95th, and 99th percentiles for each age group. Notice how the average is far higher than the median, which is the 50th percentile (see also the first graph after the table).
For example, if your net worth at age 37 is $900k, you’d be between the 90th percentile ($864.3k) and 95th percentile ($1.48M) and closer to the former than the latter.
| Age | Average | 25% | 50% | 75% | 90% | 95% | Top 1% |
|---|---|---|---|---|---|---|---|
| 18–24 | $112,104 | $88 | $10,222 | $33,898 | $184,516 | $421,700 | $653,224 |
| 25–29 | $120,183 | $3,784 | $31,470 | $130,606 | $296,830 | $410,060 | $2,121,910 |
| 30–34 | $258,075 | $11,016 | $88,631 | $186,140 | $538,750 | $796,256 | $2,636,882 |
| 35–39 | $501,295 | $16,548 | $138,588 | $389,432 | $864,340 | $1,482,170 | $4,741,320 |
| 40–44 | $590,710 | $23,812 | $134,382 | $436,892 | $1,182,580 | $1,971,456 | $7,835,420 |
| 45–49 | $781,936 | $47,668 | $213,586 | $680,298 | $1,428,714 | $2,790,132 | $8,701,500 |
| 50–54 | $1,132,497 | $54,414 | $266,140 | $913,012 | $2,576,540 | $4,419,488 | $13,231,940 |
| 55–59 | $1,441,987 | $84,977 | $321,074 | $1,137,318 | $2,672,160 | $6,049,934 | $15,371,684 |
| 60–64 | $1,675,294 | $80,372 | $392,860 | $1,131,122 | $3,042,280 | $6,366,204 | $17,869,960 |
| 65–69 | $1,836,884 | $68,972 | $393,480 | $1,154,552 | $2,961,060 | $6,865,468 | $22,102,660 |
| 70–74 | $1,714,085 | $124,757 | $438,700 | $1,234,946 | $2,999,396 | $6,197,642 | $18,761,580 |
| 75–79 | $1,629,275 | $89,504 | $338,180 | $991,520 | $2,914,188 | $5,844,534 | $19,868,894 |
| 80+ | $1,611,984 | $95,230 | $327,200 | $944,334 | $2,540,500 | $5,461,280 | $16,229,800 |
Net Worth by Age Charts: Average vs. Median and Top Percentiles
Here is the same data in three graphs.
First, we compare the average net worth to the median (50th percentile, where you have more than half the households).
As mentioned above, the average is much higher, because it’s skewed by the immense wealth of the top few percentiles. We also see that the average peaks in one’s late 60s while the median peaks a bit later, in one’s early 70s.
Next, we compare the 25th, 50th, and 75th percentiles. All peak in the early 70s, and the 75th percentile is higher than the 50th by much more than the 50th exceeds the 25th.
This reflects the increasing inequality in our society, where wealth is concentrated near the top so the difference made by each percentage point increases as the percentile position goes higher.
Finally, we compare the 90th, 95th, and 99th percentile (that last is the infamous “1-percenters”).
Interestingly, the 90th percentile is pretty flat, around $2.5M to $3M, from one’s early 50s to one’s 80s.
The 95th is slightly less flat, with a peak slightly under $7M in one’s late 60s; while the 99th percentile rises sharply with age until peaking over $22M in one’s late 60s, from which point it mostly drops.
Investable Net Worth Percentiles by Age (Excluding Home Equity)
Next, we repeat the whole sequence but now exclude home equity from the numbers.
Strictly speaking, this isn’t as viable a measure of wealth, but it helps assess the investment returns you might expect from your portfolio. That’s because your home equity doesn’t typically provide cash flow.
| Age | Average | 25% | 50% | 75% | 90% | 95% | Top 1% |
|---|---|---|---|---|---|---|---|
| 18–24 | $83,365 | $74 | $9,774 | $22,616 | $74,184 | $183,540 | $553,224 |
| 25–29 | $84,699 | $1,218 | $19,270 | $71,680 | $191,604 | $300,730 | $1,877,120 |
| 30–34 | $182,198 | $2,530 | $36,178 | $100,248 | $291,262 | $579,136 | $2,403,902 |
| 35–39 | $380,972 | $8,070 | $43,416 | $208,930 | $645,230 | $1,199,640 | $4,556,660 |
| 40–44 | $436,408 | $8,699 | $57,668 | $245,586 | $818,830 | $1,506,282 | $6,702,740 |
| 45–49 | $575,097 | $15,144 | $92,370 | $408,002 | $1,006,852 | $2,002,670 | $7,661,420 |
| 50–54 | $861,235 | $13,406 | $94,923 | $531,484 | $1,971,490 | $3,327,520 | $11,897,166 |
| 55–59 | $1,148,392 | $15,108 | $131,460 | $709,824 | $2,013,308 | $4,945,610 | $14,104,130 |
| 60–64 | $1,364,736 | $22,343 | $186,450 | $751,586 | $2,489,080 | $4,988,724 | $15,620,474 |
| 65–69 | $1,512,595 | $11,780 | $132,290 | $784,100 | $2,302,160 | $5,650,770 | $18,992,040 |
| 70–74 | $1,380,172 | $40,480 | $237,692 | $770,944 | $2,452,560 | $5,036,686 | $16,459,620 |
| 75–79 | $1,308,408 | $12,818 | $112,106 | $527,860 | $2,384,806 | $4,975,080 | $17,971,150 |
| 80+ | $1,284,384 | $17,284 | $88,049 | $524,526 | $1,860,666 | $4,136,000 | $15,590,600 |
Here, we see a similar pattern, with some striking differences.
- For the 25th percentile, total net worth increases from next to nothing for ages 18–24 up to $125k by the early 70s, whereas investable net worth peaks at a far lower $28k.
- For the 50th percentile (median), there’s a similar pattern, though investable net worth peaks at $238k, about half the $439k total net worth in the early 70s age group.
- As you go up to the 75th percentile and higher, home equity continues to drop in relative importance (more on that later on).
Next, we have the same three graphs as before but this time excluding home equity.
As the first graph of these three graphs shows, the average investable net worth is again far higher than the median, with the two peaking at the same age groups as total net worth.
The second graph shows that, if anything, investable net worth jumps from the 50th to the 75th percentile more than from the 25th to the 50th even more than total net worth does.
The 75th percentile peaks at $784k for ages 65 to 69, a little earlier than total net worth peaks.
For the 90th, 95th, and 99th percentiles, investable net worth behaves quite similarly to total net worth. Considering how small a part home equity plays in wealth at these levels, this isn’t surprising.
How Much Home Equity Do Americans Have at Each Net Worth Percentile and Age?
Finally, we can look at the difference between the data in the first and second tables to estimate the average home equity held by different net worth percentiles by age group.
| Age | Average | 25% | 50% | 75% | 90% | 95% | Top 1% |
|---|---|---|---|---|---|---|---|
| 18–24 | $28,739 | $14 | $448 | $11,282 | $110,332 | $238,160 | $100,000 |
| 25–29 | $35,484 | $2,566 | $12,200 | $58,926 | $105,226 | $109,330 | $244,790 |
| 30–34 | $75,877 | $8,486 | $52,453 | $85,892 | $247,488 | $217,120 | $232,980 |
| 35–39 | $120,323 | $8,478 | $95,172 | $180,502 | $219,020 | $282,530 | $184,660 |
| 40–44 | $154,302 | $15,113 | $76,714 | $191,306 | $363,750 | $465,174 | $1,132,580 |
| 45–49 | $206,839 | $32,524 | $121,216 | $225,972 | $427,865 | $787,462 | $1,040,000 |
| 50–54 | $271,262 | $41,008 | $171,217 | $381,528 | $605,805 | $1,091,968 | $1,334,774 |
| 55–59 | $293,595 | $69,869 | $189,614 | $427,494 | $658,800 | $1,104,324 | $1,317,584 |
| 60–64 | $310,558 | $68,170 | $249,220 | $379,536 | $532,725 | $1,377,480 | $2,249,680 |
| 65–69 | $324,289 | $57,192 | $261,190 | $370,452 | $658,900 | $1,214,698 | $3,110,620 |
| 70–74 | $333,913 | $96,317 | $201,008 | $464,002 | $542,876 | $1,160,956 | $2,249,000 |
| 75–79 | $320,867 | $76,686 | $226,074 | $463,660 | $529,360 | $869,454 | $1,897,744 |
| 80+ | $327,600 | $77,946 | $239,151 | $419,808 | $679,834 | $1,325,280 | $639,200 |
We see several patterns here.
- The average and median home equity levels are far closer to each other across all age groups than is the case for net worth.
- For the 25th percentile, home equity starts taking off mostly after age 40, roughly doubling from the late 30s to the early 40s and continuing to go up by $8k-$9k every five years until the early 60s. There’s an odd drop in the second half of the 60s before a jump of over 50% into the early 70s followed by a drop of ~20% into the late 70s and beyond. These odd ups and downs could be due to large variances between the relatively small sample of older poor people (the life expectancy of the wealthy can exceed that of the poor by more than a decade).
- For the median, home equity starts climbing earlier, in the early 30s, where it more than quadruples relative to the late 20s. It then mostly rises until the late 60s, from which it mostly falls. However, the differences from the late 60s and on are under 25% at most. This could again be the result of life expectancy being somewhat lower for this economic stratum than those above it.
- The home equity of the 75th net worth percentile starts climbing earlier yet, in the late 20s, more than quintupling from the teens and early 20s. It then mostly climbs until the early 50s. From there, it dips somewhat lower for the following 10 years, before climbing again, peaking in the 70s. This pattern may be related to having college-age kids and possibly using home equity to help finance their education.
- For the 90th, 95th, and 99th net worth percentiles, home equity is already $100k or higher for late teens and early 20s. For the 90th and 95th percentiles, home equity mostly rises with age, with some relatively small fluctuations. For both the 90th and 95th percentiles, the highest home equity is reached for ages 80 plus. For the top 1% however, home equity peaks sharply at over $3M in the late 60s before dropping nearly five-fold by the late 80s. This could be due to the very wealthy significantly downsizing their homes in their later years. For a closer look at the top of the range, see how many Americans in their 60s retire wealthy and the income their savings can support.
You can see all these patterns visually in the next three graphs.
Home Equity as a Percentage of Net Worth: Why It Matters More Than the Dollar Amount
The final table shows home equity for various net worth percentiles as a fraction of net worth rather than in absolute dollar terms.
Here, we see the following patterns.
- Home equity is more than half the net worth at the 25th percentile, reaching as high as 86% for the late 70s age group.
- For the median net worth, home equity is again half or more of net worth for most age groups above age 30, peaking at a somewhat lower 73% for ages 80 and over.
- For the 75th percentile, home equity typically runs from a third of net worth to slightly less than half, peaking at 47% in the late 70s.
- Those in the 90th percentile have home equity starting at 60% in their late teens and early 20s before dropping to a range of 18% to 31% for ages 40 and over, with the 31% peak in the early 40s.
- For the 95th percentile we see a similar pattern, with 56% for the youngest age group, dropping to a range of 15% to 28% from age 25 and up, with the 28% peak in the late 40s.
- Home equity plays a small role in the net worth of the top 1%, ranging from a high of 15% for the youngest age group down to as low as 4%(!) for those in their late 30s and again for ages 80 and up.
| Age | Average | 25% | 50% | 75% | 90% | 95% | Top 1% |
|---|---|---|---|---|---|---|---|
| 18–24 | 26% | 16% | 4% | 33% | 60% | 56% | 15% |
| 25–29 | 30% | 68% | 39% | 45% | 35% | 27% | 12% |
| 30–34 | 29% | 77% | 59% | 46% | 46% | 27% | 9% |
| 35–39 | 24% | 51% | 69% | 46% | 25% | 19% | 4% |
| 40–44 | 26% | 63% | 57% | 44% | 31% | 24% | 14% |
| 45–49 | 26% | 68% | 57% | 40% | 30% | 23% | 12% |
| 50–54 | 24% | 75% | 64% | 42% | 23% | 25% | 10% |
| 55–59 | 20% | 82% | 59% | 36% | 25% | 22% | 9% |
| 60–64 | 19% | 85% | 63% | 34% | 23% | 18% | 13% |
| 65–69 | 18% | 83% | 66% | 32% | 22% | 18% | 14% |
| 70–74 | 18% | 77% | 46% | 33% | 18% | 17% | 12% |
| 75–79 | 20% | 86% | 67% | 47% | 18% | 15% | 10% |
| 80+ | 20% | 82% | 73% | 44% | 27% | 24% | 4% |
The last graph, below, shows this picture visually, where home equity plays a smaller and smaller role in net worth as one’s wealth grows. It also shows how home equity percentage peaks move from older to younger as wealth increases.
Should You Compare Your Net Worth to Others Your Age? What Financial Advisors Say
The above shows how total and investable net worth varies by age for various net worth percentiles. It also shows the impact of home equity as part of one’s net worth for those net worth percentiles for the different age groups.
Using the tables and graphs, you can compare your numbers to the overall population, to see where you come out in the wealth distribution. Depending on your perspective, this can lead to despair, complacency, or ambition. Of the three, I recommend that last…
As Omar Morillo, CFP ChFC AIF, Founder of Imperio Wealth Advisors says:
Comparing net worth, especially with one’s age cohort, can be helpful and counterproductive. On the positive side, such comparisons can provide a benchmark, motivating individuals to save and invest more wisely to achieve financial security. It can foster competition, leading to better financial decisions and habits. However, this practice can also be counterproductive, leading to feelings of inadequacy or stress if one’s financial situation lags behind peers. It might encourage unhealthy financial behaviors, such as excessive risk-taking or overspending, in an attempt to ‘keep up.’ For example, after comparing their net worth with friends, I had a client who invested in high-risk ventures to boost their wealth, only to face significant losses quickly. Individuals must focus on personal financial goals tailored to their circumstances rather than purely on comparison. A balanced approach, using comparisons as a tool for insight rather than a definitive measure of success, can help readers make informed decisions while maintaining financial well-being.
Carman Kubanda, CFP®, ChFC®, Financial Planner at Innovative Wealth Building mostly agrees:
I don’t think comparing net worth is particularly useful. A better approach is focusing on your own situation and financial goals with real financial planning to ensure you make the right choices to accomplish those goals. However, in certain cases, comparing net worth may help encourage financial discipline or spur on change if lagging behind peers.
Zack Swad, CFP®, CWS®, RLP®, BFA™, AWMA®, AAMS®, President of Swad Wealth Management, LLC on the other hand, falls squarely on the side of comparisons being mostly harmful, saying:
While comparing your net worth to peers may be entertaining (or disappointing), it usually isn’t very useful. Your lifestyle may be drastically different than the average and therefore your needs may be much higher or lower. People who are interested in figuring out if they are on track should start by figuring out what they need in their lives now and into the future. Then, develop good habits and make progress toward their goals. As Theodore Roosevelt once said, ‘Comparison is the thief of joy.’
If you do choose to view wealth accumulation as a competition, it’s best to view it as a competition between your present and past selves rather than between you and everyone else.
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Frequently Asked Questions
What is the median net worth by age in the U.S.?
Based on the 2022 Federal Reserve survey data in this article, median net worth rises from $10,222 for ages 18 to 24 to $138,588 for ages 35 to 39 and $321,074 for ages 55 to 59. It peaks at $438,700 for ages 70 to 74 before easing to $327,200 for ages 80 and over.
Why is average net worth so much higher than median net worth?
The average is skewed by the immense wealth of the top few percentiles, so it sits far above what the typical household has. For example, average net worth for ages 55 to 59 is about $1.44 million, while the median (50th percentile) is about $321,000.
What net worth puts you in the top 1% for your age?
In the data shown, the top 1% threshold ranges from $653,224 for ages 18 to 24 to more than $22 million for ages 65 to 69, after which it mostly drops. For ages 55 to 59, it is $15,371,684.
How much of the average American’s net worth is home equity?
It depends heavily on wealth. Home equity is more than half of net worth at the 25th percentile and half or more at the median for most age groups above 30, but it ranges from only 4% to 15% for the top 1%. Because home equity doesn’t typically provide cash flow, the article also shows investable net worth excluding it.
Is it helpful to compare your net worth to others your age?
It can be motivating, but the advisors interviewed caution that it can also cause stress or lead to unhealthy behaviors such as excessive risk-taking or overspending to keep up. They recommend focusing on your own financial goals and needs instead, and the author suggests treating wealth building as a competition with your past self.
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Disclaimer: This article is intended for informational purposes only, and should not be considered financial advice. You should consult a financial professional before making any major financial decisions.
About the author
Contributing Writer, Wealthtender
My career has taken some unexpected turns, from earning a PhD in experimental high-energy physics, to conducting cosmic-ray research in Antarctica, to supporting NASA projects and programs, to running my own consulting business. I also run several other small businesses and help my wife run her Marriage and Family Therapy practice.
Those experiences taught me to question assumptions, think critically, and recognize that real-world decisions of any significance rarely have simple answers that apply to everyone. Today, I bring that perspective to writing about personal finance. Drawing on my analytical background, business experience, and research, I explore financial decisions, challenge conventional wisdom, and help readers understand the tradeoffs that can affect their financial well-being. To complement my own research and experience, I also weave insights from financial professionals into my articles, drawing on their expertise and real-world experience helping clients navigate financial decisions and challenges.
At medium.com/@opher-ganel, you can read more of my articles and subscribe to receive email notifications when new ones come out.