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For the curious among us, ... The average net worth was $1,063,700 – a figure skewed by concentrations of wealth held by the richest Americans. ... Reaching the top 10%: A net worth of $1.9M.
The top 10% of Americans by net worth had a median retirement account balance of $900,000 as of 2022. Note this is the median, not the average, which can be skewed by particularly high or low numbers.
The average household in the top 10% has $375,000 of total debt, mostly consisting of mortgages. Few people should be in a hurry to pay off their mortgage in their journey to build their net worth.
The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1] As of March 2023, there were 735 billionaires in the United States. [ 2 ]
800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... Here's the Net Worth That Puts You in the Top 10% of American Households by Age. Adam Levy, The Motley Fool. May 25, 2024 at 4:05 ...
To rank among the top 10%, or 90th percentile, American households needed to report a minimum income of $248,600 and a minimum net worth of $1.94 million. However, those figures encompass adults ...
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
The top 10% of American households by net worth had an average of $1.29 million in their retirement accounts in 2022, according to the Federal Reserve’s Survey of Consumer Finances.