As of 2021, the top 10 percent of Americans owned an average of $969,000 in stocks. The next 40 percent owned $132,000 on average. For the bottom half of families, it was just under $54,000.
52% of U.S. adults owned stock in 2016. Ownership peaked at 65% in 2007 and fell significantly due to the Great Recession. As of 2013, the top 1% of households owned 38% of stock market wealth.
The average American has $90,460 of debt, but the average net worth is $748,800. Net worth tends to increase with age as assets appreciate in value over time and people's salaries grow over their careers.
What percentage of homes are owned free and clear? The percentage of US households owned free and clear is a fair 37% according to Bloomberg's data analysis from Zillow. The past decade has seen a 5.5% rise in homeowners paying off their mortgages
The average American's savings varies by household and demographic. As of 2019, per the U.S. Federal Reserve, the median transaction account balance (checking and savings combined) for the American family was $5,300; the mean (or average) transaction account balance was $41,600.
By age 40, your goal is to have a net worth of two times your annual salary. So, if your salary edges up to $80,000 in your 30s, then by age 40 you should strive for a net worth of $160,000. Additionally, it's not just contributing to retirement that helps you build your net worth.
2019-2020 Federal Reserve SCF data also shows us the average retirement savings by age in the U.S.:
• Ages 18-24: $4,745.25
• Ages 25-29: $9,408.51
• Ages 30-34: $21,731.92
• Ages 35-39: $48,710.27
• Ages 40-44: $101,899.22
• Ages 45-49: $148,950.14
• Ages 50-54: $146,068.38
• Ages 55-59: $223,493.56
• Ages 60-64: $221,451.67
• Ages 65-69: $206,819.35
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