Are You Really Earning Enough at 45–54? See How Your Income Compares Today

Core Insights - Household income and wealth significantly shift with age, peaking at ages 45-54, according to the Federal Reserve's Survey of Consumer Finances [1][4] - The median family income for ages 45-54 was $91,880 in 2022, the highest among all age groups [2][4] - Income levels vary widely based on education and homeownership, with homeowners and college graduates earning substantially more [5][6] Income Comparisons - Households aged 35-44 reported a median income of $86,470, while those aged 75 and older earned $49,070, reflecting reliance on retirement income sources [3][4] - The median U.S. income across all households was $70,260, indicating a broader context for income levels [6] Education and Income Gaps - The survey reveals significant income disparities tied to education, with families without a high school diploma earning a median of $32,430, compared to $117,820 for those with a college degree [7] - High school graduates earned a median of $52,960, while those with some college earned $60,530, highlighting the importance of education in income potential [7]