Are you rich? The average net worth by age can help you benchmark your financial success against your peers and aid in retirement planning. But when most people hear the term net worth, their thoughts turn to the world’s richest people — billionaires like investor Warren Buffett or superstar singer and songwriter Taylor Swift. However, regular folks with 401(k)s, investment portfolios, and real estate holdings have a net worth, too. There’s a lot you can learn about your financial strength by calculating your net worth and seeing where you stack up versus others around the same age or stage of life. Think of your net worth as a scorecard.
