From Yahoo Finance: 2025-04-14 14:02:00

The median net worth for all families in the United States is $192,300, while the average is $1.06 million, according to the Federal Reserve. Net worth is the total of assets minus liabilities, crucial for financial health. It can increase with age through investments and salary growth but may be derailed by high-interest debt or economic downturns.

To calculate net worth, add up all assets like cash, stocks, and home equity, then subtract liabilities such as loans and credit card debt. My Money from Yahoo Finance can automate this process. Net worth is vital for setting financial goals, monitoring progress, and ensuring financial security, especially in retirement.

For tracking net worth, financial advisers, budgeting apps like Quicken’s Simplifi, or spreadsheets are useful tools. The average net worth varies by age, with those aged 35-44 having a median of $135,300. Including retirement accounts like a 401(k) is essential, but whether to count the home as an asset is debatable.

Evaluate your net worth in line with personal goals, not just averages. Meeting with a financial adviser can help set a tailored financial plan. By understanding and tracking your net worth, you can ensure financial stability and work towards your desired financial future.



Read more at Yahoo Finance: What is net worth, and why is it important?