Personal Finance and Investing

Silent Type

(10,038 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.”

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Marthe48

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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