The journey to building wealth is a highly personal one, but it may be helpful to know how you compare with others along the way.
To find out the median net worth of Americans at every age, Harness Wealth, a firm that matches financial advisers with clients, used household-wealth data from the Federal Reserve’s 2016 Survey of Consumer Finances and developed a proprietary classification of ages and ranges of net worth.
The typical American family had a net worth of $97,290 in 2016, which is the most recent data available. In other words, 50% of the population has a net worth below that threshold, and 50% has a net worth above it.
Read the entire article at ‘Are you richer than most people you know?‘