Median Net Worth by Age: The Impact of Owning Real Estate

Decisions such as renting vs owning impact your median net worth.

If you read personal finance articles, you will constantly see that most Americans don’t have enough to retire. That thought can be scary as you’re looking at your own finances. However, the real question is, what is the net worth of the average American your age? Remember, your net worth is the total value of your assets less any debts you may have. In this article, I am going to break down the average net worth by age, but also discuss how adding real estate can help grow your net worth in the future.

18-24-Year-Olds 

Since they are just beginning their journey into adulthood, they don’t have a big net worth. The median is just eight thousand dollars, not surprising because a lot of them are in college or starting low-paying jobs. If you are in this age group, I recommend getting approved for a credit card in order to build your credit and pay it off every month. This will set you up for your future investing endeavors.

25-29-Year-Ol...