Mel Abraham breaks down Federal Reserve data showing median net worth is $136,000 for ages 35-44 and $247,000 for ages 45-54. Most people compare themselves to billionaires instead of the actual median, which makes them feel behind when they're probably ahead of their peers.
So what's actually happening? And I wanna be really clear here, and this is a survey that was done on consumer finances by the Federal Reserve. The median net worth for households between ages 35 to 44 is about $136,000. For 45 to 54, it's about $247,000, okay? This is important because that's the median, meaning the middle. Half of everybody is above it, half of them are below it. So if you're 47, with $300,000 to your name, feeling like you're a failure, hear this. You're not behind the pack. You're ahead of the typical household for your age. The reason you feel behind is you've been comparing yourself to the average, and the average is a handful of ultra-wealthy people dragging the number into the stratosphere. You've basically been measuring your life against Jeff Bezos and a rounding error.
