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Every three years the Federal Reserve outlines family net worth average and medians by age group. Here’s the latest data, released in October 2023.
^ a b c "UBS Global Wealth Databook 2023" (PDF). UBS. See table 3-1 for all countries, on pages 123-126, for mean and median wealth, Gini coefficient, distribution of adults (%) by wealth range, and number of adults. See the end of table 4-1 on page 138 for regional numbers. Use page numbers at bottom of pages, not from PDF reader.
According to the Federal Reserve Survey of Consumer Finances, published in October 2023, both median and mean net worth rose for all age groups.
Both median and mean net worth rose for all age groups, according to the report, though the largest growth came from the under-35 crowd, who “saw their median and mean net worth more than double ...
The 2023 Current Population Survey Report estimated the 2022 US Population over the age of 15 to be 271,500,000 of which 239,100,000 (88.07%) had incomes over $1. Among those earning $1 or more, the median income was $40,480 and the mean income was $59,430. The distribution of incomes is further broken down as follows in the table below.
Average net worth—which heavily weights extremely high-wealth families—substantially exceeds median net worth (families in the fiftieth percentile). [28] Further, average net worth outgrew median net worth from 2019 through 2022.
The average net worth gives you a sense of the collective wealth in a given population, while the median net worth provides a measure of the middle value in a data set, potentially making a more ...
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