Reported 5 months ago
The Federal Reserve's recent Survey of Consumer Finances in 2022 revealed that the average income was $141,390 and the average net worth was $1.06 million among U.S. families. The data provided an age-based breakdown showcasing the average income and net worth across different age groups, emphasizing the importance of proper budgeting, mindset, and investing in S&P 500 index funds as a vehicle for wealth-building.
Source: YAHOO