Personal Finance and Investing

Silent Type

(10,030 posts)

5. Good article. The average net worth doesn't mean a lot. The Median is believable if home equity

Sun Nov 5, 2023, 11:37 PM

Nov 2023

is considered. Although, I think it’s a bit lower than displayed.

From 90 article. There is also a table by age.

“ Between 2019 and 2022, the median net worth of U.S. households surged 37% to $192,900, according to the report. The mean, or average, net worth increased 23% to $1,063,700.

“You may be wondering why the mean is so much higher than the median net worth. That’s because the wealthiest households tend to drive the average up.”

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Marthe48

11 replies

= new reply since forum marked as read

Highlight:

Average net worth [View all] Marthe48 Nov 2023 OP

I'm definitely above the median but nowhere near the average according to my age group jimfields33 Nov 2023 #1

That's what I thought Marthe48 Nov 2023 #2

They are distorted by the ULTRA rich. Happy Hoosier Jan 2024 #10

Marthe, I can lend you $20 if it helps True Dough Nov 2023 #3

That's so kind of you Marthe48 Nov 2023 #4

Good article. The average net worth doesn't mean a lot. The Median is believable if home equity Silent Type Nov 2023 #5

There are drivers that feed net worth, but even they are not a guarantee bucolic_frolic Nov 2023 #6

Anyone that has ever taken a statistics class (especially business statistics) walkingman Nov 2023 #7

Those numbers, especially the median, PoindexterOglethorpe Nov 2023 #8

If I moved across the Ohio to WV Marthe48 Nov 2023 #9

The gap in median and average - Statista Research Summary AnnaLee Mar 2024 #11