Here’s Americans’ net worth at every age—for people under 35, it’s up 142%

Americans under 35 increased their median net worth by a whopping 142% between 2019 and 2022 — from $16,100 to $39,000 — according to the Federal Reserve’s October 2023 Survey of Consumer Finances.

The report defines net worth as the difference between a person’s assets and liabilities. Assets are things you expect to hold value in the future, such as your home or investments. Liabilities, on the other hand, are debts or money you owe, such as your mortgage, car payment or student loans.