The Top 1 Percent Net Worth By Age: How Close Are You?
There is a big gap between the top 1% and the average net worth in the United States.
In fact, the average net worth for those in the top 1% is $11.1 million! But what about people of other ages? How much do they have?
And more importantly, how can you work out your own net worth and find out where you rank?
If you own a house that is worth $500,000 and you have savings of $50,000 but are also in debt for $250,000, then your net worth would be: $500K + 50k – 250k = 300k
Net worth can be a great measure of your overall financial health. It is calculated by taking all your assets (property, savings, shares, etc.) and subtracting any debts you may have.
To calculate your net worth, you will need to know the total value of all your net assets and the value of all your net liabilities.
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