What is the average Net Worth for a 25 year old?

[Bud_Fox]

Just wondering

 

[AlejandroPA]

You should always look for median, not average
If there are 2 of us, and I have $1 net worth and you have 1 million $
Average would be around 1 mil., right ?
median net worth for ppl in 25 yrs old range is around $15.000
Hope this helps / Alex

 

[kabatura]

I bet it's negative

 

[Deep Dish]

https://www.networthiq.com/explore/net-worth-statistics.aspx
http://cgi.money.cnn.com/tools/networth_ageincome/

 

[Skel]

Just wondering

If you mean how much are they in debt, see how nice their car and house is, then check how many credit cards they have and round up.:rockon:

 

[MatureDJ]

My experience

For a typical university educated man, he will reach his 25th birthday basically broke. However, at this point, he will also be just past the initial provisioning phase of life, and at a great opportunity to sock away some serious cash in his 401K or IRA.

I myself have went from being broke at that age to 18 years later having retirement assets of $200K (measured at the last peak of the stock market.) It's a cliche, but the thing to do is to "pay yourself" first.

 

[thedeparted]

Are you aiming for average? WHy does it matter?

 

[speakeasy]

Most people it seems to me are broke. Even people that feign affluence leasing bling rides and wearing $250 jeans are just a few paychecks from disaster. The more people make, the more they spend.

 

[SmoothTalker]

At 25 it will be quite low. Hell, in North America these days its quite low for most people at any age, most people don't really have anything except the very quickly dropping home equity, and even then they probably owe a lot on the house.

At 25.. if you didn't get an education, you've got a few years of work under your belt, but your pay most likely sucks so you're just about broke. If you went to college, you've probably recently started working with good pay, but you haven't had much time to build anything up and probably still owe college loans.

If I was to estimate, I'd say between 10-20k.

BTW that NetworthIQ site is complete bs.. unless you believe people in Arkansas, Alabama, Kentucky and Georgia are generally worth much more than people in the North East or California and farmers and factory workers are worth more than lawyers. If that's the case than middle class America needs to STFU.

 

[Nygard]

Really depends on where you live. In this country, you dont reach 25 in a sea of debt, and if you graduated from University and you're decent, you're pretty much set.
Believe it or not. Only in Colombia.
In this country, an educated person in his 25's is probably worth over 100k.However, an uneducated man that cant work over 11 or 12 hours in his 25's is worth nothing and that's what we call false positives ( They are executed extrajudicially, or they end up as covers for a failed military operation or they end up doing nothing, they're worth almost nothing after all.)

 

[Maxtro]

I bet it's negative

Definitely. Most likely paying off; student loans, car loans and credit cards. Maybe child support if he's extra stupid.

 

[synergy1]

when I was 25 I had a decent positive equity, a few years later...still positive, just not as liquid ( car payments, car equity, 401k and checking).

 

[Bible_Belt]

probably negative a few grand, multiply that by ten if you went to college

 

[3countriesPlan]

I have positive net worth.. but wtf not even close to $100,000 which is where I thought Id be at 25 when I was in high school.