| Age | 2022 Net Worth (Median) USD$ |
|---|---|
| Less than 35 | $39,040 |
| 35-44 | $135,300 |
| 45-54 | $246,700 |
| 55-64 | $364,267 |
| 65-74 | $410,000 |
| 75 or older | $334,700 |
Source:
https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/
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Wow, it took around 15 years to financially recover from the Great Recession for everyone younger than retirement age.
I wonder why the oldest demographics were so insulated from 2008. Maybe they were less likely to live in areas with a housing bubble? Not living in McMansion city and all that.
Assets in a mix of cash and bonds and no need to sell their house? Just a guess.
Pensions and paid off houses would be factors I would guess.
Wow, those are disappointing medians. If you just max your IRA (no 401k, no match), stay out of debt, and don’t sell, you should beat most of those medians by 45 or so if you start at 25, assuming 6% real returns.