The average 50-something American is now worth $1.4 million

Core Insights - The data indicates that net worth in America increases significantly with age, with the average 50-something American having a net worth of $1.4 million and the average 60-something at $1.6 million, while the average 20-something has only $127,730 [1][2] Wealth Accumulation Factors - Three main factors contribute to the wealth of older Americans: stocks, homes, and time [4] - The S&P 500 has increased by 256% over the past decade, averaging about 13.5% annual growth, which has significantly boosted the net worth of many Americans [4] - Home values have also risen substantially, functioning as a means of building equity over time through mortgage payments and appreciation [7][8] Age-Based Net Worth Breakdown - 20-somethings: Average net worth is $127,730, with a median of $6,689, often starting with debt from college [13][14] - 30-somethings: Average net worth is $321,549, with a median of $24,508; many are establishing careers and facing rising expenses [15][16][17] - 40-somethings: Average net worth is $770,892, with a median of $76,479; this age group begins to see the impact of compounding wealth [19] - 50-somethings: Average net worth is $1.4 million, with a median of $192,964; peak earning years are common, and many have significant home equity [20] - 60-somethings: Average net worth is $1.6 million, with a median of $290,920; this group typically has the highest wealth and may be entering retirement [21] - 70-somethings: Average net worth is $1.5 million, with a median of $232,712; net worth may begin to decline as retirees spend down savings [22]