What is net worth?
Your net worth is the value of everything you own minus everything you owe. It can be negative, for example early on when student loans are bigger than your savings.
Source Federal Reserve · Changes in U.S. Family Finances from 2022 to 2025 (PDF) ↗
How to calculate net worth
Here it is with your numbers:
- What you own: $8,000.00 + $45,000.00 + $300,000.00 + $15,000.00 = $368,000.00.
- What you owe: $220,000.00 + $10,000.00 + $20,000.00 + $3,000.00 = $253,000.00.
- Net worth: $368,000.00 − $253,000.00 = $115,000.00.
It means if you sold everything you own and paid off every debt, you'd have $115,000.00 left.
Median net worth by age
From the Federal Reserve's 2025 Survey of Consumer Finances, by the age of the person who heads the family. The median is the middle family: half have more, half have less. The average (mean) is far higher, $1,241,500 for all families, because a small number of very large fortunes raise the average but not the median.
| Age | Median net worth (2025) |
|---|---|
| Under 35 | $33,000 |
| 35–44 | $155,600 |
| 45–54 | $253,700 |
| 55–64 | $411,900 |
| 65–74 | $431,300 |
| 75 or older | $504,900 |
| All families | $215,900 |
The figures are for families, not individuals, and count everything families own, including homes and retirement accounts. The Fed runs the survey every three years.
Source Federal Reserve · 2025 Survey of Consumer Finances press release ↗
FAQs
How do I calculate my net worth?
Add up the value of everything you own, then subtract everything you owe. Use what things would sell for today, such as your home's market value, and the balances on your latest statements.
Source Federal Reserve · Changes in U.S. Family Finances from 2022 to 2025 (PDF) ↗
What is good net worth by age?
There is no official target, but the Federal Reserve's 2025 survey gives the median for each age: $33,000 under 35, $155,600 at 35–44, $253,700 at 45–54, $411,900 at 55–64, $431,300 at 65–74 and $504,900 at 75 or older. Half of families have more and half have less.
Source Federal Reserve · 2025 Survey of Consumer Finances press release ↗
Sources
- Federal Reserve: Changes in U.S. Family Finances from 2022 to 2025 (PDF)
- Federal Reserve: 2025 Survey of Consumer Finances press release