--- title: Here’s the Median Net Worth for Every Age Group — How Do You Compare? description: American household net worth surged 37% in three years, driven by booming home prices, stimulus relief and increases in the stock market. authors: - name: Pete Grieve role: Lead News Reporter url: https://money.com/author/pete-grieve/ bio: Pete Grieve is a personal finance reporter at Money who frequently writes about news and trends related to car buying, auto insurance and gas prices. education: University of Chicago, BA Political Science at_money_since: 2022 articles: 597 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Professional Services - Retirement - Shopping - Taxes social: - https://twitter.com/pete_grieve - https://linkedin.com/in/pete-grieve-b5aa02138 - https://www.facebook.com/petegrieve4 editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Personal Finance - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-10-20T19:58:29.000Z' modified: '2024-01-10T15:15:51.000Z' section: Personal Finance tags: - News word_count: 484 canonical: https://money.com/median-net-worth-by-age-race/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo-illustration depicting a row of silhouettes made from money.](https://img.money.com/2023/10/News-Typical-Household-Networth.jpg) Booming home prices, stimulus relief and stock growth contributed to a huge jump in Americans’ net worth from 2019 to 2022. Accounting for inflation, median household net worth grew by 37% — the largest three-year increase ever documented by the Federal Reserve. The [new report from the Fed](https://www.federalreserve.gov/publications/files/scf23.pdf) provides the first complete look from federal government data at how household net worth changed during the pandemic. Breakdowns based on age, race and education level make it possible to see how you stack up compared to others. While some groups fared particularly well in terms of wealth growth, "increases in both median and mean net worth were near universal across different types of families," the report said. Real median net worth increased from $141,100 to $192,900 over the three-year period. The 37% increase is more than double the largest previous jump since the Fed began tracking this data in 1989 — an 18% increase from 2004 to 2007. Income increased 3% during this three-year period after adjusting for inflation, but Americans' net worth boomed for other reasons as well. The median net housing value soared from $139,100 in 2019 to $201,000 in 2022 as home prices skyrocketed in a low-interest rate environment, according to the report. More Americans are investing: The share of households with direct [stock ownership](https://money.com/how-to-buy-stocks/) increased from 15% in 2019 to 21% in 2022, and many investors were rewarded as [stock indexes](https://money.com/how-to-invest-in-sp500/) posted double-digit gains during this period. Stimulus checks and other pandemic-era initiatives like expanded unemployment benefits lifted up Americans' finances. Government relief, along with other factors like people staying at home, helped many Americans save up during the early stage of the pandemic, according to the report. The Fed reports that Black and Hispanic Americans had the largest net worth gains, though racial wealth gaps remain massive. And in terms of real net worth, the rich got much richer from 2019 to 2022: For households in the top 10% of the wealth distribution, median net worth grew from $3.01 million to $3.79 million. Here are breakdowns of real median net worth by demographic and the percent increase over the three-year period: ## Median net worth by age - **Less than 35:** $39,000 (+143% from 2019 to 2022) - **35-44:** $135,600 (+28%) - **45-54:** $247,200 (+27%) - **55-64:** $364,500 (+48%) - **65-74:** $409,900 (+33%) - **75 or more:** $335,600 (+14%) ## Median net worth by race - **White non-Hispanic:** $285,000 (+31% from 2019 to 2022) - **Black or African American non-Hispanic:** $44,900 (+60%) - **Hispanic or Latino:** $61,600 (+47%) - **Other or multiple race:** $132,900 (+54%) ## Median net worth by education level - **No high school diploma:** $38,100 (+60% from 2019 to 2022) - **High school diploma:** $106,800 (+24%) - **Some college:** $136,500 (+33%) - **College degree:** $464,600 (+30%) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/median-net-worth-by-age-race/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Personal Finance", "item": "https://money.com/personal-finance/" }, { "@type": "ListItem", "position": 3, "name": "News", "item": "https://money.com/tag/news/" }, { "@type": "ListItem", "position": 4, "name": "Here’s the Median Net Worth for Every Age Group — How Do You Compare?" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/median-net-worth-by-age-race/#webpage", "url": "https://money.com/median-net-worth-by-age-race/", "name": "Here’s the Median Net Worth for Every Age Group — How Do You Compare?", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2023-10-20T19:58:29.000Z", "mainEntity": { "@id": "https://money.com/median-net-worth-by-age-race/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/median-net-worth-by-age-race/#breadcrumb" }, "dateModified": "2024-01-10T15:15:51.000Z" }, { "@type": "NewsArticle", "headline": "Here’s the Median Net Worth for Every Age Group — How Do You Compare?", "articleSection": "Personal Finance", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/10/News-Typical-Household-Networth.jpg", "width": 2880, "height": 1920, "caption": "News-Typical-Household-Networth" } ], "author": [ { "@type": "Person", "name": "Pete Grieve", "url": "https://money.com/author/pete-grieve/", "@id": "https://money.com/author/pete-grieve/#author", "description": "Pete Grieve is a personal finance reporter at Money who frequently writes about news and trends related to car buying, auto insurance and gas prices.", "image": "https://img.money.com/2023/02/peter.png?w=350&h=430&crop=1", "email": "peter.grieve@money.com", "jobTitle": "Lead News Reporter", "alumniOf": "University of Chicago, BA Political Science", "sameAs": [ "https://twitter.com/pete_grieve", "https://linkedin.com/in/pete-grieve-b5aa02138", "https://www.facebook.com/petegrieve4" ], "worksFor": { "@id": "https://money.com/#organization" } } ], "publisher": "https://money.com/#organization", "datePublished": "2023-10-20T19:58:29.000Z", "description": "American household net worth surged 37% in three years, driven by booming home prices, stimulus relief and increases in the stock market.", "abstract": "American household net worth surged 37% in three years, driven by booming home prices, stimulus relief and increases in the stock market.", "@id": "https://money.com/median-net-worth-by-age-race/", "inLanguage": "en-US", "dateModified": "2024-01-10T15:15:51.000Z", "editor": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "wordCount": 484, "keywords": [ "News" ], "about": [ { "@type": "Thing", "name": "Personal finance", "sameAs": [ "https://en.wikipedia.org/wiki/Personal_finance" ] }, { "@type": "Thing", "name": "Real estate economics", "sameAs": [ "https://en.wikipedia.org/wiki/Real_estate_economics" ] }, { "@type": "Thing", "name": "Investment", "sameAs": [ "https://en.wikipedia.org/wiki/Investment" ] } ] } ] } ```