Macroeconomics, Federal Reserve Policy & Personal Finance
Survey of Consumer Finances Wealth by Age: What the Real Data Says About American Net Worth
When financial headlines claim the average American in their 50s has nearly $1.9 million, most households feel alienated. That number is the mean, skewed by the top 1%. According to the Federal Reserve's Survey of Consumer Finances (SCF), the median net worth for households aged 55 to 64 is actually $411,900. Here is the definitive data breakdown across every decade of adulthood.
