50-Somethings Hit $1 Million Average Net Worth Milestone Amid Real Estate and Market Booms
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The average net worth of households over 50 is now over $1 million, boosted by real estate and stock markets.
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Household wealth swelled 37% between 2019-2022, the largest increase ever recorded.
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There is a disparity between average and median wealth figures ($1 million average vs $300,000 median for 50-somethings).
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Wealth peaks for most households in their 60s as retirement savings compound before drawing down.
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Households start spending down savings in their 70s so average wealth declines but remains over $1.6 million on average.