cover of episode Average Net Worth By Age (How Do You Stack Up?)

Average Net Worth By Age (How Do You Stack Up?)

2024/10/2
logo of podcast George Kamel

George Kamel

Chapters

This chapter introduces the concept of net worth, its importance, and how it's calculated. It also highlights the recent surge in Americans' median net worth and explains the difference between average and median.
  • Net worth is calculated as assets minus liabilities.
  • Between 2019 and 2022, the median net worth of Americans increased by 37%.
  • Median net worth is a more accurate representation than average net worth.

Shownotes Transcript

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Instead of a brand-new BMW (that’s financed until 2045), what if boosting your net worth was the ultimate flex? Find out how your net worth stacks up against the average American—and what to do if it doesn’t. 

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