According to the latest “Survey of Consumer Finances” (SCF) data released by the Federal Reserve Board in October, American household net worth continues to rise, with the average net worth of the 50-plus age group surpassing $1.5 million.
In 2025, the average net worth of Americans aged 40 to 49 reached $876,091, up from $742,568 in 2022 (adjusted for inflation). The average net worth of Americans in their 60s reached a remarkable $1.96 million (up from $1.92 million in 2022), while those in their 70s amounted to $1.88 million (up from $1.84 million in 2022).
Senior researcher at the American Enterprise Institute, Andrew Biggs, pointed out in an interview with USA TODAY that “the underlying situation here is that retirees are becoming increasingly wealthy.”
Overall, the average net worth of American households (assets minus liabilities) increased from $1.16 million in 2022 to $1.23 million in 2025.
Since 2019, especially during the peak of the pandemic, the continuous rise in stock and real estate values has driven the rapid accumulation of net worth for older and wealthier Americans.
However, if you’re not yet a millionaire, there’s no need to despair. The above figures are all averages, and a small number of super wealthy individuals significantly inflate the overall data.
When looking at the median figures, the numbers are much lower: the median net worth of American households in 2025 was $216,100, slightly higher than $218,900 in 2022 (a 2.5% increase adjusted for inflation). Comparatively, the median net worth saw a substantial 37% increase from 2019 to 2022, marking the largest increase in the history of the survey.
According to USA TODAY’s analysis of the Fed’s microdata, here are the median and average net worth figures for American households across different age groups:
Average Net Worth: $81,638
Median Net Worth: $21,310
Analysis: The average assets have seen a slight decrease after inflation adjustment (from $131,846 in 2022), while the median remains stable. This group has just entered the workforce, with lower incomes, student loan debts, and most housing and investment endeavors in their initial stages.
Average Net Worth: $394,798
Median Net Worth: $83,950
Analysis: Net worth has decreased compared to 2022 (average of $405,249 and median of $109,525). At this stage, the main burdens include student loan repayments and starting a family, with the median age of first-time homebuyers in 2025 reaching a record high of 40; however, some have started to benefit from the compounding returns of early stock market investments.
Average Net Worth: $876,091
Median Net Worth: $203,900
Analysis: Growth compared to 2022. Individuals in their 40s are entering their peak earning years, but expenses and debt from starting a family and homeownership have somewhat limited the growth of net worth.
Average Net Worth: $1.55 million
Median Net Worth: $271,200
Analysis: Entering the “millionaire” stage, the average net worth is $1.55 million, while the median is $271,200, with a difference of over $1 million. Extreme wealth of billionaires like Elon Musk in their 50s significantly raises the average. The wealthier segment has mainly benefited from decades of stock market growth and property appreciation.
Average Net Worth: $1.96 million
Median Net Worth: $461,085
Analysis: Average net worth reaching the peak in one’s lifetime (nearing $2 million), with the median approaching $500,000. At this stage, most individuals begin retirement and begin utilizing their life savings.
Average Net Worth: $1.88 million
Median Net Worth: $421,300
Analysis: Most individuals are no longer working, gradually spending retirement savings, resulting in a slight decrease in net worth. While daily living expenses decrease, medical expenses significantly increase. Wealthy families can continue depending on seven-figure retirement funds for income.