The net worth in America by age, race, education, and location
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- The average American family has a net worth of $102,700, according to the most recent data from Federal Reserve's 2016 Survey of Consumer Finances.
- The median net worth tells a very different story. According to that same data, the median family has a net worth of $52,700.
- Many factors contribute to net worth, including bank account balances, investment assets, and even real estate.
- A family's average net worth varies across age, race, location, and education level.
- SmartAsset's free tool can find a financial planner to help you grow your net worth »
The average net worth of American families is $102,700, according to the most recent data from Federal Reserve's 2016 Survey of Consumer Finances. Between 2013 and 2016, the average American family's net worth increased by 14%.
While the average net worth is $102,700, the median net worth tells a very different story, with the typical American family having a net worth of $52,700. The median, or middle value in a set of numbers, is less sensitive to outliers, so may be a more accurate representation of a typical family. The median shows a very different reality for Americans, and we've included both numbers in this look at American families' finances. See the rest of the story at Business Insider
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