Average Net Worth by Age | How Do You Compare?

[@LeeBason]

4 months short of 70. No debt. Net Worth with home = 9,489,124. Without home = 8,116,324. Thoroughly enjoying your channel and hoping that many younger folks will follow your example.

[@liam1902]

Hoping this isn't too personal to ask but with the income you've earned throughout your life, did you mostly just invest into things that follow the S&P500 in the stock market to reach that or was it a mix of different things while also saving money? Feel like most young people don't realize the importance of compound interest over multiple decades cause they're so fixated on the number now or very short-term. I'm interested to know how much compound interest has helped you reach a very high net worth cause $9 million is absolutely incredible! I'm in my late-20s so any answers or advice would definitely help me too.

[@bulldogfightingforfreedom]

Love it ! God bless

[@tomblanar2592]

@@liam1902 That is an excellent question. I'm two years behind this poster and about half the NV but got there primarily by heavily investing in a retirement year fund. I had some other investments that paralleled those but the most important take-away was investing aggressively early on. My advice to those younger is to live below your means, invest aggressively without sacrificing life experiences, and stay the course until retirement. I retired at 66 but would advise younger folks to retire as early as feasible because you need to enjoy the fruits of your labors while you can, and money can't buy time.

[@ashdobbs]

death is nigh

[@steves8322]

Why are you even watching this video? Go play golf or go fishing or something

[@carolinew4795]

I hope everyone who watches this video sticks around for the end. Such good and grounded advice. I’m 23, so near the beginning of the 20s bracket (and only one year post-grad). I get caught up in comparing myself to “averages” when in reality, I should be comparing my future self to my current self and my current self to my past self. Thanks!

[@PersonalFinancewithLeila]

Thank you!! And yes that's exactly how it should be! ❤️

[@darlenem7608]

I will be turning 62 in less than a week; I have just over 2.5 m net worth with my only debt of 38,000 on farm land that I inherited from my dad as I had to buy out other family members who did not want to keep the land. That is the balance that I owe, as originally I owed 125,000 so I have paid off a lot of that loan in the last 10 years using only the funds I make from the farm land itself (I cash rent the land) and not from my personal income. I recently retired at then end of December 2023, however, I am a widow so I was able to receive my husband's Social Security Funds early. I am considering paying off the 38,000, but I want to discuss with my tax attorney to see what is the best option.

[@KatieoftheHouse]

Great video, Leila! We’re in our mid 30s, and had a NEGATIVE net worth of almost 200K the first time I tracked it, nearly 10 years ago. Now we are right around a positive 500K, so a decade can certainly make a HUGE difference. We do count our house value though, and that has played a big part in the growth, especially since we were lucky and bought at the beginning of 2020.

[@singleparentfire2363]

I track my netwoth every month because I’m a nerd but my current net worth at 40 years old is approx. 670K. I’m also a single mom of a special needs child.

[@dmitry.clarke]

You think every month is bad. Try every couple days lol

[@ventureswithvee]

i’m in my early 20s with negative net worth because of student loans. thank you for including median numbers! looking at just average net worths can definitely be misleading

[@PersonalFinancewithLeila]

Of course! And yeah I was well in the negatives in my early twenties!

[@BaseballCardPhanatic]

Thank you for another great video! I’ve know I’ve told you before but I really enjoy your videos and always look forward to them😊. It’s easy to play the comparison game but only you can know what your spending habits are and what you’ll need in retirement. The big keys are to have no mortgage and no consumer debt. That’s a game changer and you’ll be able to live on much less. Also, you need to have a plan for your health insurance if you’re retiring before 65.

[@rubyrocks5]

As someone in my late 30s who didn’t reach a positive net worth until 2022 (mostly due to car and student loans), I love watching these kinds of videos to stay accountable and make sure I’m on track. Thanks for including the median amounts too! It’s crazy how large the gap is between average and median numbers. Based on the people I know, I feel like the median numbers are more common. My husband and I are both 37 and our NW is currently 170k (not including cars). We don’t own a house. Thanks for the video!

[@Alliebrad17]

25 and a little over $46k!! My mom taught me young to have good money habits so I’ve never had debt or student loans, but I’ll start applying to CAA schools next year and that will be around $140k of student debt 😅 I’ve watched channels that are PAs and CAAs who’ve paid off their high student loans in about 3 years so I won’t be to worried about it (yet)

[@Alliebrad17]

What’s crazy is at the hospital I work at I’ve set up so many Roth and HSA investment accounts for nurses who have zero clue how they’re paying off their student loans and I’m stressed for them

[@stephaniel6867]

​@Alliebrad17 you'll be successful just considering you're stressed for nurses at the hospital. It's recommended to only take out student loanswhat you'll make in 1 year in the job. Good luck to you.

[@tross549]

Started with a negative net worth at 22…now 34 with a wife and two kids and at $1.2m… all from hard work, investing and living below our means! So easy a caveman can do it

[@ehderguyyashootadeerorno2313]

Great info. When I got my first job out of college I started a spreadsheet. Track my income over the years, how much i put into each type of account (401k, IRA, brokerage etc). Also kept track of what percentage i saved each year, and total dollars I saved. I also keep notes on the side. I've always said a lot of those people who have all the fancy things at a young age will be the same people at 60 that say how can anyone afford to retire. My wife and I are 38 with a net worth of almost $800k which includes a brand new house, 80 wooded acres and investments/retirement.

[@ytsejam972]

Just turned 50 with 1.3m. Track it quarterly, started paying off debt and paying attention to finances about 13 yrs ago. Should have the mortgage paid off next month! 😊

[@hay5441]

45 years old Approx net worth is 780 to 800 k with a mixture of home value and various accts sf etc. house is paid off and no debt. 529 accounts 401k Roth 401k Roth IRA and traditional IRA. Brokerage acct, HSA and ESPP through work

[@ReggieBryant]

Hey Leila! Great video! My NW is 134K as of last month, age 29 😃

[@mybdayis420]

Age 29 here NW 213k, not including car or valuables items

[@PersonalFinancewithLeila]

You're killin' it!!

[@LaTonyas_Library]

I was at -($45.5k) at 24yrs old mostly due to student loans. Reached $71.5k at 29 with a pretty average salary. I would have been happy to reach $100k by 30. But after receiving an inheritance following the death of a loved one, and a jump in salary, I have $218k and will be turning 30 next month.

[@mgmwinz7791]

Where are these averages coming from. That’s like the top 5 percents net worth at those ages

[@lberhold]

Median is quite arbitrary... If everyone is poor, and you're slightly less poor, that's not beneficial. Determine what you should have to provide you financial independence, then keep track of the future value as time goes on, i.e. if inflation is 3% and the value at determination was $1M, then the next year would be $1.03M. Remember to compound that number every uear with inflation to determine needs. Net worth is also arbitrary, since IRR, or ROE/ROI are what really matters. A 10% return on 500K is greater than a 2% return on $1M.

[@The_Fancave]

Hey Leila, great video by the way! I wish I had your level of financial understanding when I was your age. I'm 40, with a net worth of $140K, ($155K or so with my car, but as you had alluded to; I left that out since it's a depreciating asset that I need, and plan to keep forever, as are my bikes). I have an Excel spreadsheet with my finances that I update on a weekly basis, yes, I'm extremely OCD. I printed out the sheet from 2017, when I was 33, still had student loans, had just financed a new car, and had a negative net worth of -51K. I keep that in the back of my clipboard as a reminder and inspiration that there's always a light at the end of the tunnel. My assets include a combination of a brokerage account with index/mutual funds, hand picked stocks, a 401K, an IRA, company stock, and $10K in a high interest savings account as an emergency fund. I currently have zero debt, and hope to keep it that way.

[@gabrieliacoboni6951]

750 K net worth with debt being mortgage and two small car payments. Wife is 38 and i am 37. She has a pension coming, we havs IRAs and a 401k and also a taxable brokerage account. We are blessed to know we have sizeable inheritances coming and we live simple and frugal lives. I track my net worth monthly. Some would call it compulsive. I call it prudent.

[@tomblanar2592]

Tracking NW frequently is like watching the gas gauge in your car, you need to keep it in your scan, but it doesn't have to be your sole focus. You're doing the right thing, keep; up the good work.

[@yankeedoodle6293]

51 year old. 11.5 million net worth (never went to college)

[@catgodfrey6451]

Hubby & I are way behind in general. I’m 47 & hubby is 54 we have $300,000 we don’t include cars. We are debt free which is nice, but we rent our home & the cost of homes are just out of control

[@lavayuki]

I have never had an debt in my life due to rich parents who paid all my education and med school fees, and bought me my car, so have always had a positive net worth since I started working, and hence have been always higher than average

[@tomblanar2592]

You're very fortunate to have the start you've had. As you transition into your more "personal" finances tracking NV will be a valuable tool no mater your starting point, it's the lifelong trend line that is most informative.

[@AB-wy7dr]

37 years old married 2 kids, just hit over $1mm net worth this year, approx $1.2-1.3mm

[@C6BlueDevil]

I'm 39. Net worth is currently at $987k. About half of that is in the S&P500 and the other half is in real estate equity.

[@Livingthedream157]

I’m 58. The only debt I have is a 5-figure mortgage at 2.6%, which will be paid off before I retire at 62. My current net worth is 1.9M.

[@scottjackson163]

Everybody with a grain of sense includes home equity.

[@dmitry.clarke]

I’m 26 and almost at $150k NW. my income doubled this year so that’s helped a lot

[@alexanderpedroza2544]

im 20 and have about 8k in investments, planning on blasting s&p 500 index fund for as long as i live with my parents.

[@dearfinance]

Hi Laila. I’m probably at zero right now. I’m out of consumer debt. I own a home that I owe $141k, however, it is worth more than that right now.

[@chrisphilips2768]

The chart shows that most Americans are well off financially. Do believe the negative news, people are doing well for themselves.

[@whitneyhesmer6648]

34 and we have $900k together 🎉 Most of that is our paid off house. Have big goals to reach before 40

[@cheyennemckoy2160]

How do you include mortgage in net worth? Equity?

[@dannymartial7997]

The estimated value of the house minus what you owe on it.

[@PersonalFinancewithLeila]

Yup basically! You can count the mortgage as a liability and then the value of the house as an asset and it would balance out!

[@ehderguyyashootadeerorno2313]

What I do for mine is take the value of the home, let's say $400k. Minus 6% realtor fees ($24,000) minus what you owe the bank (lets say $250k) then add $126k to your net worth. I like to include the realtor fees because let's be realistic if push came to shove you would get a realtor to help sell it faster.

[@_ShaDynasty]

Does world of Warcraft gold count as wealth?

[@bulldogfightingforfreedom]

I am 42, net worth $5M, no debt , houses paid off, working 5 days a week, an athlete when I am not working, no kids no partner, a lone warrior ( wanna be ). Financial Freedom is everything. I always invest very aggressively.

[@liptongtr]

I have no idea how the median net worth of people in their 30s is $35k. Thats usually the decade where you buy your house and your typically at most puttying 20% down. How are people purchasing a $300k house in their 30s and still have a positive net worth when they just put a large portion on their down payment and are hundreds of thousands more in debt?

[@fdisciple7634]

But their home is an asset and it's usually more than their debt.

[@Thebignagro]

Is this per individual or per household because those numbers seem really high

[@Aus10c]

29 and 500k net worth (includes a rental property, personal home, and almost 100k cash,

[@td69]

Well done! How much do you invest per month?

[@WtfReal]

What about by salary/pay?

[@Berryjoyfulbudget]

57 NW $20k with about $285k of debt.

[@theclown888]

Did these numbers include home equity?

[@user-tb7rn1il3q]

Yes

[@dresanchez2452]

38, 1.1 million

[@stevenblack122]

If when we have 50% market sell off recession…..redo and see how it looks…..I have seen some huge drops over the years…..best advise…live below your means, avoid borrowing of all types except mortgage, never take out a loan on your home equity…..avoid luxury’s……big trips, big cars and boats and vacations. …..until you have $ salted away

[@mp22422]

I’m 26, $76k net worth. Got my eyes set on the first $100k before 2025 ends

[@PersonalFinancewithLeila]

Love it!! Good luck!!

[@mp22422]

@@PersonalFinancewithLeila thank you!

[@tomblanar2592]

Great start, stay the course! I'm 68 and at the other end of the time line but can tell you time is on your side....invest early, it will pay off later.

[@mp22422]

@@tomblanar2592 thanks Tom, will do👍🏿

[@ReiShirouOfficial]

$110k+ at 22 networth

[@mcwaker1]

36 here with around $1.7M, live below your means, max out 401ks, invest more in brokerage

[@Novaximus]

Is 400K any good at 48 years but with 0 house equity and 0 kids or family? 300k of it is invested between my own managed brokerage and a work retirement fund. 100k is just sitting in the bank chllin out. I just feel really short changed not having bought a house pre 2020 for a person of my age. btw, I'm thinking about trying to do some options trading this coming new year. Selling puts and calls and doing the wheel strat. Is this just a crazy thing to do? or is it just a pipe dream get rich quick scam?

[@dollar5542]

Im 19 and im having 400k in savings and investments...as i started early when i was 14. I dropped out of college and have my KZbin channels making money for me with 1 full time employee!!

[@dollar5542]

@GregF-k7w sounds like bs to me too, but it's the truth

[@Spartacus-hc9xt]

31 roughly 1 million between house and investments for my wife and I

[@greenlantern1986]

To me personal finance is personal. I don't think this kind of content is helpful and just causes more comparisons, which we know is financially (and emotionally) detrimental.

[@PersonalFinancewithLeila]

I agree, that's why I said what I said after going through the numbers 🙂

[@theclown888]

If this is too “personal,” why are you watching?

[@zy5915]

This is a loser POV

[@zy5915]

41 NW $8M with home, $7M without primary home. FANNG tech. Invested heavily in stock and RE.