Younger generations have lower net worth compared to older generations, but have advantages for wealth-building.

From Yahoo Finance: 2025-04-23 16:05:00

The average net worth of Americans is around $1.06 million, with a median of $192,700. Younger generations like Gen Z and Millennials have lower net worths, with averages of $183,500 and $549,600 respectively. Gen X and Boomers have higher averages, with Boomers having an average net worth of $1,794,600.

Research shows that younger generations own less wealth compared to previous generations at the same age. This trend could lead to disadvantages in disposable income, investment opportunities, and overall economic security for Millennials and Gen Z.

Despite lower net worths, younger generations have time on their side for wealth-building through compounding interest. Being more entrepreneurial and creating passive income streams can lead to economic independence and less reliance on one job.

Median and average net worth data was sourced from the 2023 Survey of Consumer Finances as of April 21, 2025. Younger generations may face economic challenges compared to older generations, but they have unique advantages and opportunities for wealth-building.

Read more: Are You Wealthy for Your Age?