What Net Worth Means
Net worth is the difference between your total assets and total liabilities. Assets include cash, investments, real estate, and retirement accounts. Liabilities include mortgages, loans, and credit card balances.
How to Calculate Net Worth
List the current market value of everything you own, then subtract all debts. Use recent statements for accounts and estimate home value with recent comparable sales or a reliable online tool.
How You Compare to Others
Federal Reserve data shows the median U.S. net worth is around $192,000, while the mean is higher due to wealthy households. Age, income, homeownership, and debt levels strongly influence where you stand. You can track your progress over time by recalculating net worth regularly and focusing on reducing liabilities and growing assets.
