# Average net worth

I saw a headline about average net worth on Yahoo. How accurate are the numbers in this article? https://www.yahoo.com/news/average-net-worth-americans-age-193418831.html

I'm comfortable, but I don't think I'm that comfortable!

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#### jimfields33

(17,899 posts)Those numbers are shockingly high.

#### Marthe48

(18,292 posts)Might be the area where I live, but those numbers do seem high

#### Happy Hoosier

(8,038 posts)Throw in a few billionaires, and the average number climbs.

Like you, I am well above the median, but not at the "average" I'd be interested in what the average looks like if you dropped off the top and bottom 1%

#### True Dough

(18,660 posts)Just let me know.

#### Marthe48

(18,292 posts)I appreciate your thoughtfulness. I just offered to give someone $20 on Friday, haven't heard back if they got enough to get thru a rough spot. If I ever need help, I'll know where to come Thank you!

#### Silent Type

(5,310 posts)is considered. Although, I think it’s a bit lower than displayed.

From 90 article. There is also a table by age.

“ Between 2019 and 2022, the median net worth of U.S. households surged 37% to $192,900, according to the report. The mean, or average, net worth increased 23% to $1,063,700.

“You may be wondering why the mean is so much higher than the median net worth. That’s because the wealthiest households tend to drive the average up.”

#### bucolic_frolic

(45,612 posts)Education, skills or technological innovation, work ethic, spending and debt habits, location, location, location.

The book "Poverty and Place" a recent one by Princeton sociologists shows how being in a backwater means you remain in a backwater. Poverty statistically, en masse, has a powerful location element.

#### walkingman

(8,087 posts)would know that this article is meaningless.

There are lies, damned lies and statistics.

#### PoindexterOglethorpe

(26,105 posts)vary widely depending on what state, what city, what precise area you are looking at. I'm guessing rural Mississippi or Alabama has a much lower median. San Francisco and all the other major cities, will be much higher.

#### Marthe48

(18,292 posts)I'd be considered wealthy.

#### AnnaLee

(1,114 posts)U.S. wealth distribution Q3 2023

"In the third quarter of 2023, 66.6 percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.6 percent of the total wealth."

So, the other 40% have 30.8% of the wealth. (Probably has the same skewed bias as the total population.)