This Is the Average Net Worth for U.S. Adults Age 45 to 54

Your net worth is essentially a snapshot of your overall financial health. While it's not necessarily the most important factor when it comes to your finances, it can give you an idea of areas to improve.To calculate your net worth, first add up the value of assets you own -- such as cash, investments, and equity in your home. Then, subtract any debts and other liabilities, like credit card debt or student loans. If you own more than you owe, you'll have a positive net worth. However, if you have a lot of debt, your net worth could be in the negative.Everyone goes through life at a different pace, so your net worth could vary significantly from that of others your age. That's OK. While it's best to only compare yourself to your own progress over time, it can sometimes be helpful to see how you stack up to the average.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool