Where Do You Stand? Compare Your Net Worth To The National Average

People are naturally curious as to how they compare to others, and wondering how you compare to someone else financially is no different. While understanding where you fall within the national average when it comes to your net worth is useful information, keep in mind that it has no bearing on your value as a person. It’s just helpful information so that you can plan for your future and ensure that you have enough resources going forward. When we refer to net worth, that means the sum of your assets minus your liabilities.

This study comes from data from the Federal Reserve and compiled in 2022 by the Survey of Consumer Finances. It’s useful to note that there’s a difference between the average or mean (the number you get by dividing the sum of a set of values by the number of values in the set), and the median which means the middle point between a set of data.