Median net worth from 1989 to 2013, how do you compare?

By | March 7, 2017

For those curious about the impact that the financial crisis of ’07/’08 had on families’ net worth, here’s a quick chart showing the median net worth from 1989 to 2013 across several age groups (all figures are in 2013 dollars). The data comes from the Survey of Consumer Finances which is available to all at the official Fed website.

What is interesting here? Probably the fact that we are still in a recovery mode following the financial crisis and its accompanying toll on families’ saving and investment accounts. What’s more, only those over the age of 65 have amassed greater wealth today than in 1989 when adjusted for inflation. Every other age group has yet to surpass those prosperous times that were the late 80’s (or so it would seem).

If you are having trouble viewing this graph, I’ve created an alternate version that may work better here.



Net Worth ($000)

3 thoughts on “Median net worth from 1989 to 2013, how do you compare?

  1. Adam

    Is net worth peaking in the 55-64 age bracket because it’s in the last working years? For some reason I was expecting net worth to continually grow, but I suppose it would make sense that it would start to dwindle as folks start to use some of their retirement savings. Thanks! Cool graph!

    Reply
  2. Tom

    To Adam: It depends. I retired 13 yrs ago and our financial assets have doubled despite our expenditures for travel, gifts and donations. It depends on your retirement income and how your moneys are invested. (For purposes of addressing this issue I haven’t included home equity, which I would normally include when discussing net worth.)

    Reply
    1. lytics Post author

      If this does not include additional contributions, then it is an excellent investment allocation. We have benefited from a fairly strong market over the last 7-8 years following the recession, but it would certainly take a great investment strategy to drive these types of returns.

      Reply

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