this post was submitted on 24 Apr 2024
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Household net worth by age Age of head of family Median net worth Average net worth Less than 35 $39,000 $183,500 35-44 $135,600 $549,600 45-54 $247,200 $975,800 55-64 $364,500 $1,566,900 65-74 $409,900 $1,794,600 75+ $335,600 $1,624,100
So not really the average or most. There is a huge chunk at the top bringing it up average is way different then median. Most people won't have enough wealth to be a millionaire. Most people in the USA will be lucky to earn 1-3 million in their lifetime but most of that gets spent on living as you can see by the table people are lucky if they own their home and have a bit leftover.