Average Net Worth By Age in 2023!

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Information Average Net Worth By Age in 2023!

Title	:	Average Net Worth By Age in 2023!
Lasting	:	35.16
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Respectfully, the advice is solid to start young investing but people need to understand that a million dollars after 30-40 years when inflation adjusted is not as significant as it sounds
Comment from : Owen Bigwood

30 something’s checking in Was top 10 percent at 33 pre divorce 😂 thats a net worth killer and honestly why who you marry is probably one of the biggest financial decisions youll ever make
Comment from : Derek Murdock

They were talking about me when they said playing video games and going to bars and now I'm a 30 yo bum who neck deep in problems no retirement, so I'm just way behind!
Comment from : Mr RimShaker

10 of 40-somethings are millionaires? That can't be right Seems way too high If they said 10 of 60-somethings that would be more believable
Comment from : Gordon Gekko

I know net worth is assets minus liabilities, but how do you factor in other variables like a pension? I joined the military at 19 years old in 2004, and will retire next year at 39 years old The day I retire, I will immediately begin collecting a pension of about $4k/month after taxes and it gets a pay raise every year for life If I live to be 80, that's about $2M The military paid for my degree so zero student loansI know that's worth something
Comment from : AndyHwell

At 27, I don’t know how the fuck I’m supposed to have a network of 137k based on the calc I literally cannot think of anyone who isn’t barely struggling to get by There’s got to be some MAJOR issues with the study Maybe they only surveyed people Greenwich CT or something
Comment from : Dylan Rodriguez

OK, median and average are not the same You are correct in using median as the standard of comparison, but that is NOT what your video title says
Comment from : Karl Gruner

Bloody hell, advertise your website a bit more will ya, didn't hear you the first 12 times
Comment from : TawkSmack

There is something they missed, or I didn't seebrbrComparing yourself to the average American is going to give a skewed view brbrThe Average Alabamian is going to be different than the Average Manhattanian This is especially important if you do not want to move far away
Comment from : G Nk

School cost me 100k when I finished in 2010 I'm blessed to live in the DMV where jobs are available My advice is to remember the conditions of the state/area you live in when it comes to choosing a school to attend You will more than likely come back home after you graduate and should be mindful of what kind of jobs are in your area Young people that have to pay for school out of pocket, forget about the "college experience" for a year or two If you don't have grants or scholarships you need to be wise and start off in community college Don't let these institutions and private loan companies financially statutorily rape you for your money School is the new credit card They want to bound you in debt with high “variable” interest rates to continue to widen the wealth gap
Comment from : Gregory Jackson

In 1980 (boomer generation) the average age of first home buyer was 24-25 It is now approximately 33-35 Most boomers had their "messy 30s" in their 20s
Comment from : penitent2401

That awkward feeling where 80 of comments are among the top 10
Comment from : Plumbers United

What does anybody think of this situation, 36 year old, no debt but no house, $107k net worth?
Comment from : Plumbers United

You are amazing, guys! Thanks for this!
Comment from : Maria Del Mar

and the 60s?
Comment from : chaim sag

I loved to travel and help non beggars I retired at 58 and no debts I returned to work at 61 and final retirement at 70 I am 80 now living in Queretaro, d Kam spending my savings and stacking pensions I never wanted excessive money, for I shared
Comment from : Judith Grace

Net worth comparison with or without pension plan makes a big difference also If someone has a pension plan, that person will have lot more financial freedon with $500K than a person without one
Comment from : Joe Rozario

22:50 how can this chart possibly make any sense? expressing the savings rate as a percentage, without knowing the earnings by age, gives literally no insight you have all these assumptions listed at the bottom, but not the literal key to understanding it all? the average earnings assumed?
Comment from : fitzy1093

I'm 90 years old and my retirement income is 50K and my living expense is 40K My net worth is 400K not including my wholly owned 500+K home I came from a modest family, so I did good I'm just living a comfortable life and can afford to do nearly anything I want to do
Comment from : owleyes 11

Soooo based on my income & age, I'm actually about 8* as high? Man I love myself for starting investing at 20, and now being 25 Disclaimer though, I'm not from the US, so some of these advices don't match 1:1 with the systems we have here I usually save 2/3 of my income too so I expect myself to be independent by my mid/late 30s
Comment from : PikaMaister

Great video, I feel grateful my wife and I make around 200k at 25
Comment from : MySpecsArePr0

Honestly I feel behind this year Only have around $300k in 401k at 38 years old Income has gone up by a lot in the last 2 years so techincally we are pretty well behind targets for a 40 year old at 3x income Which would be closer to $600k savedbrbrThese targets seem hard to go for in an environment where my 401k was down 15 last year So I guess over the next 10 years we should be expecting some bull market rebound years which may catch us back up
Comment from : Steven Williams

Your videos are always on point ❤ You and Gary Joe Wilde are highly recommendable investing coaches every investor who wants to get rich investing must work with Unfortunately, don't know why Gary chose not to own a video channel here like other experts He is long-established and very advanced in the field
Comment from : Sonya Ken

🎉🎉🎉🎉
Comment from : RhymeriteAK47

If you have a wife who is a stay at home mom who doesn't bring in an income, is there an additional multiplier or divider for where I should be in terms of net-worth? In terms of where I should be for retirement planning? anybody have an idea here?brbr I feel like overall I'm doing well overall but, as the sole provider for my family, I don't know if I'm on track or behind since I'm also accounting for my wife
Comment from : Peter Zeller

I want to know what 20-year-olds they talked to, I've NEVER met a 20 year old with a $7,000 net worth
Comment from : MrBG1138

curious about how to consider net worth for a couple and how that compares to the median numbers Shared assets and debts and only one income
Comment from : Jenn Paul

Is that per person in 50s 18 million or as a couple?
Comment from : k F

These stuff ought to be covered in elementary, middle, and high school By College, folks ought be able to recite this like poetry
Comment from : Olena Dokolina

I never go out I have no friends I play the same video game everyday with a computer I saved for and bought when I was 15 I don't have a driving licence so i either bike, walk or take the bus everywhere On top of that I write software from home so rarely go outside or spend money on lunch/food I instead make the same cheap meals everyday for lunch and dinner (i dont eat breakfast, for lunch usually fry some potatoes from a cheap bag bought in bulk and some eggs thrown in For dinner i eat some potatoes and some vegetables and whatever meat was on sale) I don't pay rent cause I work out of the bedroom I grew up in I'm not a consumer I don't buy things very often for the fun of it and almost never buy wants and if i do have a need i always shop around I don't have a gym membership I go running cause it's fun and free I sometimes perform comedy but if I do I plan it so it lines up with the day that I have to be in work which is once a month When I do have a gig I only get tap water and a cheap bus home Finally I have a strong feeling I will never experience a messy middlebrbrI have no choice but to be a financial mutant 😂😂
Comment from : Cian Doyle

Since a home accounts for net worth if I don't own a home am I doing worse? My net worth is around 50k because I have no debt, not even a house
Comment from : M M

Dividends
Comment from : 1974 Dodge Charger

I wish I started in my 20s!
Comment from : 1974 Dodge Charger

Most American's don't have the behavior and/or income to save $100 a month We know this because most Americans can't afford a $400 unexpected expense
Comment from : Kerry Galles

My goal is to match my daughter's Roth IRA contributions/investment to incentivize and teach her to invest until she gets out of college I'm hoping she can come out of college with $100k-200k invested br$100k for a 22 year old is worth $17-54 million in retirement (7-10) returns if she never adds to it again
Comment from : GetInTheSpace

Good stuff guys🤙🏾
Comment from : Millennials Lead The Way

Are we takking every year liquid net worth or strictly net worth everything ?
Comment from : wendellhanes1

I’m now 72 and managed to accumulate a portfolio of 23 million I still wonder if this is enough My income is $140,000/yr The portfolio just rises and falls with the market I feel I have very little input into growth How do I determine if my money will be enough? Cars are paid for and house will be paid off in 8 yrs My health is pretty good ( not on but 3 medications) I stay active in dog shows and performing arts theatre My 3 kids and 9 grandkids are my weakness as I spoil them as I wish Spent money to educate those kids Between them they have 1associate degree, 3 bs degrees, 2 masters degrees and one doctorate
Comment from : Linda Sensabaugh

Oh ffs, get to the fucking point Jesus these two always talk the damn most without actually saying anything
Comment from : Nobody

What about people with a pension?brI’m 32 with roughly 100k in the market and I just started a job with a pension They match 7 and I’m doing 8 is this enough?
Comment from : Minority Finances

I paid off my house and ready to land my plane Do you recommend including my house to my net worth even though it is not a liquid
Comment from : Essam Makram

Get to the point!!!
Comment from : BlueEyes

Age 42 @ $450K net worthbrGood to know I am on track
Comment from : Sight Beyond Sight

These numbers 6:39 aren't inflation adjusted A million dollars in 45 years time (as is the case of the 20 year old) vs a million dollars in 5 years time (60 year old) would be in real terms worth 65 less (assuming an average rate of inflation of 2 [this may be quite a conservative assumption given the state of play now])brbrIf you're going to do a comparison its unhelpful unless you're inflation adjusting your future returns and wealthbrbrIf a 20 year old wants a million dollars by age 65 in todays value (assuming a 2 inflation rate) they need save toward a goal of over $24m nominally
Comment from : jimjimbobable

Do these calculations only apply to single people? I am 38, and my husband is 40, so how would we calculate how much our joint net worth should be on average or above average?
Comment from : Melanie OBrien

Do you really need a 35 minute video to show this? A simple excel spreadsheet will do 😂
Comment from : Zeke Santamaria

I am so happy I moved to Queretaro in 2021 at 79br It is safer and 70 less expensive than the USA for mebrI live off my savingsQueretaro and save my SS and pensionbrI have always helped non beggars help themselves
Comment from : Judith Grace

Too much talk give us the numbers we know most of this
Comment from : sancoffsr

I'm in my 70s Looking forward to Part 2 of this!!
Comment from : Jal

I'd love some content aimed at CoastFire If you saved 20, 30, 40, 50 through your 20's, when can you be confident you can take your foot off the savings gas? What are the milestones to look for?
Comment from : Nathan Rice

Y’all make it sound like it’s easy to calculate one’s networth, but you don’t define it literally enough for me What does “everything” mean? “Everything you own minus everything you owe”… the “owe” is easy, but the “own” is not Does this count cars? Does this count jewelry? Does this count your actually unsellable wedding rings? Does this count your solid wood dinning room table? Does this count the painting your grandmother left you, but you would never sell? Does this count the value of your flat screen TV? These details matter because the net worth median numbers really seem low if “EVERYTHING YOU OWN” is placed in that category It also seems silly to count all the things you can’t sell or the things that won’t ever create revenue in retirement Help me better understand what normal people are placing in the “everything I own” category
Comment from : Jeff Jensen

My retirement will be the 30 seconds it will take to die from the heart attack
Comment from : Mr Grumpy Grumpy

Clicked on this with 100 confidencebr this was Dale Earnhardt Jr
Comment from : Greg Knox

I am 32 I and I have been putting away $1000 every month for about 3 years now but it falls far short of my goal of 25brbrVery much in the messy middle and adding more to that amount seems difficult with our current budget Although it’s not 25, is that amount going to help me retire by 60?
Comment from : Joe McCullough

Hey I like your videos and literally became hopeful after watching youtube, I move from an average lifestyle to earning over 6000$ in cryptocurrency every week, I invested through Adelina Luna Alba's guide, her investment strategy is a top notch she made multiple of my start up capital every week
Comment from : Gervasio Larenzo

It's so exciting watching this episode thinking about the future
Comment from : Laura Campos

I’m 38, turning 39 in 3 months My net worth (without home equity) is 12 millions and 19 millions (with home equity) I still feel like I cannot afford to retire until another 10 or more years I live in the Bay Area, cost of living here is high
Comment from : Matthew Jensen

Bo is pretty goodlooking
Comment from : James Butler

What I own MINUS what I owe So as a government employee I do ok, but not rich by any stretch of the imagination I would count my house, my cars, my collectibles and other worldly things, LESS anything owed which is zero I am looking at my pension statement and IF I were to walk away right now, I would be entitled to a lump sum amount equal to about 3 years income at this point Should that amount not also be counted as an asset?
Comment from : Ron

What if a person is 73??
Comment from : Sue

How do these figures change for couples?
Comment from : Bill M

Student loans don't have a completely linear valuation on net worth If you owe $100k in student loans and have $100k earning 8, you technically have a net worth of zero; but those federal student loans are probably charging 4 and you earn as much as you'd earn with a $50k net worth If you borrow $1 billion at 2 and make 4 in very very safe returns, I wouldn't consider you a 'brokie' with a zero dollar net worth; you earn 20 million a year doing nothing (that's a net worth of about 400 million in terms of 5 dividends) Also, student loans payments can be capped at 10 of your income My mom has student loans from becoming a doctor of TCM, in 2 years the government will forgive those debts because she didn't make any money at it and had to teach in an inner city school for a long time after
Comment from : Raw Financial News

I'm about to be 27 Make 60k a year and have around 120k across all my investing accounts According to the video I'm doing pretty good But it feels as if I've got very little
Comment from : Justin Cosner

The formula could just have years until 50 instead of 10+ years until 40 in the denominator
Comment from : Tom Welborn

27 and I am in the top 25, but not the top 10 yet! I got a late start, but I am on track to crack it by 29 LEEETTSSS GO!
Comment from : Chris

All that savings for these sucker married guys with kids it mostly goes to the wife and kids when you croak Single men! Hear me! Enjoy your life don’t live a suckers life like these married guys
Comment from : greg gehl

I was negative 10k debt after divorced I’m 600k at 37 Thesis is never get married or have kids and live like a sucker
Comment from : greg gehl

I assume this also applies to a combined household since it look at net worth
Comment from : D Pak

Compound interest is prohibited in all Abrahamic religion including Christianity Whether you follow or not, its up to you The whole World is financial mess due to this unholy compound interest
Comment from : OfficeRx

I get so confused, because by this rate I am WAY above, but when I talked to fidelity they say I am WAY behind
Comment from : iliketurtles

I'm 27 and my net worth is $284,000 My "gross worth" including my house is around $500,000
Comment from : Josi Matson

I guess I'm in good shape at 38 years old with a net worth of $760k Trying to get to $1M by my early 40's
Comment from : Michael Franks

Let me preface this by saying i love the channel and lots of great information here I just wanted to point out that some of these numbers just aren't achievable for many peoplebrbrI don't see how the recommendation for net wealth in early 30's is even possible What you're essentially saying is someone who just got married, just graduated college, just bought a house, maybe has 1-2 kids should have also found a way to have minimum $150k in net worth brbrThe median household income in the united states is $70k just buying the median priced home puts you in negative 280k debt Add dual median student loan debts from two parents and you get another 60k debt Now add two average sedans at 21k, after 20 down you have another 30k-ish to that debt The way the math works out at the median should be more like 350-400k in debt at this point Let's say you've been saving miraculously for retirement and you've manage, even with the shitty stock market MAYBE you've managed to save 75-100k in a matching 401k, And that's some aggressive saving, through all those life events You'd still have a population of mid-30 somethings with something like a negative 300k net worth Essentially what's happening to get that positive 7k net worth is that this population just hasn't purchased a house yetbrbrAfter that, per your recommendation, we're supposed to have saved an ADDITIONAL 100-200k this is absolute fantasy land
Comment from : Manic Marauder

Great advice here! Compound interest really is amazing As the experts say, time in the market is better than timing the market!
Comment from : 50 Second Finance

What is hyper-accumulation? Also why do you specify Roth before max-out retirement? If you have a Roth 401(k) why would you prefer to do the Roth (IRA)? The flexibility I assume?
Comment from : Scott Ulmer

Just found this pod after getting tired of Ramsey pumping his personalities constantly Loving these two Great content
Comment from : Dan Vaughn

23 years old and going to take this stuff to heart Thanks!!!
Comment from : Blake Gendron

I'm so far behind based on these numbers
Comment from : lostcreativity

So I just turned 30 yrs old and I have a net worth of approx $85k (Should have been between $95 to $100k if Brandon didnt tank the market and fuck things all up - FJB) Anyway, my Roth IRA totals $30k If I max out my ROTH IRA for the next 18yrs ($6,50000 yearly contribution with a 10 return) I'll have around $460k or so On top of that if I contribute $500 per month - $6k per year into another fund (non retirement mutual fund) for the next 18 yrs that should - in theory equal (with a simular 10 return) around $240k or so Between those (2) funds I'll be looking at $700k, plus other assets (ie hopefully my future house, my truck & boat, etc) by the time I'm 47 yrs old Why do I specifically say over the next 18 yrs? Well, it sounds manageable, especially ifguess what fellas? STAY SINGLE!!!! If you contribute approx $24000 per week over the next 18 years you could (in theory) be right on that target Why do I say stay single & $240 per week? $240 per week is child support in NJ for just ONE kid based on a $80k income Don't get married, keep all the money to yourself and you too can retire a millionaire by the time your 50 -60 yrs old
Comment from : Ben

Money is not taboo for me Period
Comment from : Michele Fisher

Guess I’m a bit confused If I’m 25 making $100,000 the formula says my net worth should be $100,000 but that is probably something like 75 Where should I be
Comment from : FluffiestWalrus

Does net worth include the value of your home in these calculations
Comment from : At Home with Yvette

44 yrs old, debt free, 18 mil net worth, 200k+ income
Comment from : 5x 10

I think what you should do next time is going deeper and put the data for periods of 5 years, I know it’s even more work but as a 28 years old dude I feel like comparing with the 20s something is an easy win but at the same time comparing with the 30s is unfair (considering it includes people with 10+ years more than me)
Comment from : Peppolicchio Pappo

The US average college graduate that graduated in 2022 according to the Federal Student Aid Portfolio is $59,313 not the $23k stated at the beginning
Comment from : DappperDan

When I started properly monitoring my investments, I started to amass riches The importance of professional mentoring cannot be understated Without the right coaching, people are more likely to make errors and lose money This is why Juliann Hart's tactics are different and incredibly successful, which is why I prefer to invest with her
Comment from : Amanda Rae

My net worth is pretty simple I don't owe anyone a dime so don't have to do any subtraction
Comment from : MeltingRubberZ28

I don’t need to buy a home that costs more than $150000 because I’m saving that for more meaningful things like travel and a bigger retirement portfolio
Comment from : TripSoul10

-14k let’s gooo
Comment from : Dane Van Slooten

Is this count per person? What if you are a married couple does it double?
Comment from : Tee Kay

I really like these shows but at age 39 its hard to tell where I need to be I am 90 sure I am ahead of my goals but I don't fit in with 30-33 and I'm not near my late 40s so its a hard path The formula for where I need to be does not do a good job for higher earners either I still like the content though
Comment from : Nicholas Adams

Time It's the most precious resource we have because once it's gone, it's gone and it's not coming back I say this as a financially secure 54yo guy who is going on 5 years of Stage 4 cancer You guys are spot on here; people need to get their fundamentals down first, getting income over spending, getting progression of skills in one's career, and investing once those fundamentals have been established I didn't start building real wealth until my late 30s and into my 40s, but once I did, boy did I Country singer Dierks Bentley has some lyrics that say it well: Half your life you struggle, half your life you fly
Comment from : Void’s Disciple