Average vs Median strikes again.
Median household has 4k. 70% don't break 10k.
It's the high end that weighs on that average pretty hard.
The data in the last link really is worth checking out. I don’t disagree with you, but the numbers I’ve seen numbers are off quite a bit from what you’re quoting.
Source?
Age Group Mean Net Worth Median Net Worth
Less than 35 $76,300 $13,900
35-44 $436,200 $91,300
45-54 $833,200 $168,600
55-64 $1,175,900 $212,500
65-74 $1,217,700 $266,400
75 or more $977,600 $254,800
https://www.firstrepublic.com/insights-education/average-ame...