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Here's the Average Income and Net Worth for American Households by Age

TheMotleyFool

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Here's the Average Income and Net Worth for American Households by Age: https://g.foolcdn.com/editorial/images/778663/investor-52.jpg

Every three years, the Federal Reserve's Survey of Consumer Finances (SCF) provides a detailed snapshot of financial conditions among American households. The report explores income, asset ownership, debt burden, and net worth across different demographics.

The most recent SCF was conducted throughout 2022 and published in October 2023. The report found that the average income was $141,390 and the average net worth was $1.06 million among U.S. families. Read on to see an age-based breakdown, and to learn why an S 500 (SNPINDEX: ^GSPC) index fund is a great way to build wealth.

Image source: Getty Images.

Source Fool.com

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