Net Worth by Age: 2022 Federal Reserve SCF (2026 Guide)

Quick Answer

In the Federal Reserve's 2022 Survey of Consumer Finances (published in 2023), median family net worth was $364,500 for families with a reference person aged 55–64; mean family net worth for that group was $1,566,900. These are 2022-dollar figures for families grouped by the reference person's age, not measurements from 2026 or balances in individual retirement accounts. Net worth includes assets such as home equity minus debts, so it should not be compared directly with retirement-savings targets.

Key Statistics at a Glance

Reference Person Ages 35–44 — Median Family Net Worth

$135,600 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

Reference Person Ages 45–54 — Median Family Net Worth

$247,200 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

Reference Person Ages 55–64 — Median Family Net Worth

$364,500 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

Reference Person Ages 65–74 — Median Family Net Worth

$409,900 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

Reference Person Ages 75+ — Median Family Net Worth

$335,600 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

Reference Person Ages 55–64 — Mean Family Net Worth

$1,566,900 — Source: Federal Reserve, 2022 SCF, 2023 report Table 2 (2022 dollars)

What the 2022 SCF Measures

The Federal Reserve's 2023 report on the 2022 Survey of Consumer Finances, Table 2, reports family net worth by the age of the family reference person. The amounts above are from the 2022 column, in thousands of 2022 dollars in the source table (converted here to dollars). The Federal Reserve SCF survey page identifies the survey series. A 2026 edition of this guide does not make these 2026 measurements.

A median splits families in a group into two halves by net worth; a mean is the arithmetic average. For reference persons ages 55–64, the $1,566,900 mean is much higher than the $364,500 median. Neither figure describes the assets of a particular retiree or an individual retirement account.

Net Worth Is Not Retirement Savings

Net worth is the value of family assets minus liabilities. It can include home equity, retirement accounts and other assets, less mortgages and other debt. Retirement savings are only part of that balance sheet. A home may provide housing or could potentially be sold to release equity, but its value is not the same as an accessible retirement-account balance.

The SCF age groups are not savings goals. To assess retirement readiness, consider your own retirement-account balances, other accessible assets, expected income, debts and spending. A target stated as a multiple of salary saved for retirement cannot be tested against family net worth without separating those components.

Frequently Asked Questions

Sources & Data References

• 2023 report on the 2022 Survey of Consumer Finances, Table 2
• Federal Reserve SCF survey page