Average Net Worth By Age 2024 Revealed | Are You On Track?

00:00 Intro
00:30 Survey of Consumer Finances
02:07 Net Worth - 20s
03:55 Net Worth - 30s
05:31 Net Worth - 40s
07:26 Net Worth - 50s
08:36 Net Worth - 60s
10:11 Net Worth - 70s
11:53 Net Worth - 80s
12:17 Average Net Worth vs Median Net Worth
13:57 Building Your Net Worth

Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.

Thanks for watching, I appreciate you!

[millenialmemoirs]

Wife and I went from dating and negative net worth to married with two kids and positive net worth in 3 years. Keep marching, stay focused, stay disciplined.

[Brad_Boersma]

Just turned 40, spouse is 38. Our NW (including house) is $1.1M. We grew up with little, so our family just lives easily under our means. Vacations on a reasonable budget, shop at Aldi/Walmart, etc. I drove a 15 year old car until we crossed $1M. Now I drive a seven year old car, haha. Nothing glamorous, just slow and steady growth.

[bobjones]

Being in my mid 70’s and retired 10 years we make more in dividends and interest each year than we ever made in wages any year. Keep investing throughout your life, be consistent and you will be fine.

[garynovak]

There is something magic about that $100, 000 milepost. Yes, you can see the impact of compound interest, but the psychological boost of hitting that 6 figures is enormous.

[aferrari]

I came to the US at 18 with $0. Put myself through college, start my full time job at age of 26 with negative $15k. Stop working at 49. Today I’m in my late 50s, net worth over 5m. I can’t say I’m frugal, I got myself a supercar of my dream, and had traveled with my family to over 50 countries. I also donates $300 a month to an education fund to someone who needed. All of these because investing had got me today. Special thank for channels like Erin to inspire and informative for all!

[doctorshawn]

I am 48 years old, my net worth is 3 million and growing fast. Stayed single my whole life, which has helped.

[ShawnPatton-rmhv]

My wife is a teacher and one year younger than me and I retired from the USN in 2018. We’ve been married for 23 years, she invested almost immediately after college and I started in 2004. We became debt free in 2013, millionaires in 2018, allowing me to retire a week before my 45th birthday, to become a semi professional house spouse. We were previously in the top 10% of average net worth by age, but is now 15% after the update & she plans to retire in 2028.

[mikeames]

Congrats on 50k!! You do a great job explaining everything. I watched your videos early on and could tell you would be successful on youtube. Great job!

[educatedwanderer]

I reached my number in 2023 at the age of 54. Right now it's an insurance plan as I plan to work until age 60 then reevaluate. This will allow me to fund my two sons as they go through college and save even more. I will likely work part time until 65. Gradual decreasing hours at work will allow me to concentrate on health and hobbies so I don't retire to boredom.

[fs]

This was a VERY USEFUL video, thank you! Great follow up to the previous one.

[markwilkins]

Hi Erin, love this video and topic! Thank you for all your hard work for this entire year! You are helping so many people. Hope you have a great and Christmas and New Year. And can’t wait to see you show your new baby and the name you and your husband chose. Merry Christmas to you and your family 🌲 😊

[nathanyoder]

Congrats on 50k Erin! Merry Christmas and here is to 100k+ in the New Year!! I really enjoy and get a lot out of your videos!

[mikekujawagvsu]

Great content! Really enjoyed your presentation. Relatively new to the channel, really enjoying it so far.

[castlerc]

55 retired with 7 rentals and a small house, single, two awesome kids. Now gonna buy a small motor yacht and live my best life. Seen to many people pass away before they could do what they want. Don’t wait to long imo. Life is short…. Enjoy it while you still can. Just my thoughts, wishing everyone the very best that life has to offer.

[noveltyrobot]

All I see is that I have work to do, and that motivates me to no end!!!

[ashermitchell]

Age 27: -$120k nw
Age 28: $0 nw (I was so happy to be officially worthless)
Age 29: $100k net worth

Still have to knock out $25k in 4% student loans and have $10k on a 0.9% car loan, but I feel like we’re finally starting to see real progress.

Thanks for your insightful and helpful videos! Happy New Year!

[BrokeToSemibroke]

CONGRATULATIONS! 50k SUB, woot woot :)

[kevinolesik]

great advice ! thanks ... 'Pay yourself first ...' start young & do it often ... this is the first Erin video I've seen ...

[Mukundpawar]

Very interesting and informative video.
Thank you! Erin.
With love from Mumbai, India.

[steveweiss]

Excellent insights to go along with those charts. Your are wise beyond your age Erin. As you state, being disclpline in paying your self first while lliving well within your means will pave the way to a good retirement. Merry Christmas and best wishes for a healthy and happy new year.