Reported 1 day ago
While the average net worth for individuals in their 50s is reported to be over $1 million, this figure is misleading due to skewing by ultra-wealthy individuals. The median net worth, which provides a more accurate representation, ranges from about $272,800 to $320,700 depending on age. Factors such as home equity, retirement accounts, and debt significantly influence net worth during this life stage. Ultimately, individuals should focus on their personal financial goals rather than comparisons to averages or medians.
Source: YAHOO