Visualizing Net Worth by Age in America
Calculating the net worth of individuals often seems like the kind of math reserved only for the richest people in the world like Elon Musk or Jack Ma. But as the proverbial pie gets bigger, the net worth of the average American household gets bigger as well.
This chart uses data from the U.S. Federal Reserve Bulletin to reveal median and average household net worth across different age categories in 2019.
Average vs. Median Net Worth
A person’s net worth is a sum of their assets and liabilities. Here’s a closer look at net worth by age in the U.S.
|Age||Median Net Worth 2019||Average Net Worth 2019||Difference|
|Younger than 35||$13,900||$76,300||>5x|
|75 or Older||$254,800||$977,600||>3.5x|
The age group with the highest net worth is those aged 65-74, sitting at around $1.22 million. Coming in at a close second, are 55-64 year olds, at $1.18 million. However, these are the numbers using the average, while median net worth is quite different.
Median net worth at 65-74, for example, is $266,000, a difference of over $950,000 compared to the average. This reveals that there are likely high net worth individuals skewing the average towards over a million dollars in the same age category.
Both average and median net worth appear to increase throughout one’s life, trailing off slightly around the 75+ age range.
Trends in Net Worth
With the economic impacts of COVID-19, it’s possible that median net worth growth could taper off across nearly every age category, as people lose jobs, income, and assets such as houses.
Average net worth, on the other hand, may not drop as significantly, as a handful of American billionaires have actually increased their net worth during the pandemic.
Overall, wealth has been generally increasing in America with a consistent rise in average and median net worth occurring over the three years leading up to the pandemic. And while this steady increase has likely been slightly derailed, the general trends in asset ownership and income increases over time, bode well for Americans.
The Most Significant Cyber Attacks from 2006-2020, by Country
Cyber crime is expected to cost the global economy trillions per year by 2025. Here are the countries with the most severe cyber attacks from 2006-2020.
Significant Cyber Attacks from 2006-2020, by Country
Committing a cyber crime can have serious consequences. In the U.S., a cyber criminal can receive up to 20 years in prison for hacking into a government institution if it compromises national security.
Yet, despite the consequences, cyber criminals continue to wreak havoc across the globe. But some countries seem to be targeted more than others.
Using data from Specops Software, this graphic looks at the countries that have experienced the most significant cyber attacks over the last two decades.
|Rank||Country / Region||Number of Significant Cyber Attacks (2006-2020)|
|1||🇺🇸 United States||156|
|2||🇬🇧 United Kingdom||47|
|5||🇰🇷 South Korea||18|
|10||🇸🇦 Saudi Arabia||15|
|17||🇭🇰 Hong Kong||7|
|20||🇰🇵 North Korea||5|
The U.S. comes in first place, with 156 recorded cyber attacks. That’s an average of 11 significant attacks per year, which is more than Russia’s had in 14 years.
What are the Most Common Types?
While there are many different types of cyber attacks, Specops highlights the four most commonly used for significant cyber crimes:
- Structured Query Language (SQL) Injection Attack
SQL is the code used to communicate with a database. In an SQL injection attack, the hacker writes vindictive SQL code and inserts it into a victim’s database, in order to access private information.
- A man-in-the-middle (MitM)
This form of attack happens when a cyber criminal hacks into a communication channel between two people, and eavesdrops on their online exchanges.
- Phishing Attack
When a cyber criminal poses as a legitimate institution and emails a victim to gain personal details like login credentials, home address, credit card information.
- Denial of Service Attack (DoS)
This involves flooding a victim’s system with traffic, to the point where their network is inaccessible. The hacker doesn’t gain any valuable information from this style of attack.
»Like this? Here’s another article you might enjoy: The 15 Biggest Data Breaches in the Last 15 Years
How Does the Bill and Melinda Gates Foundation Invest Its Money?
The Bill and Melinda Gates Foundation is funded by a trust that has a portfolio value of over $25 billion. Here’s how it invests its assets.
How Does the Bill and Melinda Gates Foundation Invest Its Money?
Bill and Melinda Gates have announced they are ending their marriage, but will continue to work together at their foundation.
The Bill and Melinda Gates Foundation, launched in 2000, is the largest private philanthropic organization in the United States. It has spent over $50 billion on global public health over the last two decades, including $1.75 billion on COVID-19 relief.
Of course, the foundation’s assets are managed by a trust until they are ready to be distributed to grantees. Here’s a look at how the Bill and Melinda Gates Foundation Trust invests its assets.
The Portfolio Breakdown
The trust has invested 100% of its holdings in stocks. It holds almost half of its value in Berkshire Hathaway, the holding company run by Warren Buffett.
|Stock||Value||% of Portfolio|
|Canadian National Railway||$1.9B||7.2%|
|Liberty Latin America||$14M||0.1%|
However, the portfolio is more diversified than initially meets the eye—Berkshire Hathaway itself is invested in almost 50 stocks.
Shrodinger, a healthcare-focused software company that makes up 2% of the trust’s total portfolio, was one of the best performing stocks of 2020 by price returns. The portfolio has also been boosted by delivery companies UPS and FedEx, both of which saw their share prices more than double over the last year as online shopping took off.
While the trust is dominated by U.S.-domiciled companies, a few foreign names do make the list. For example, Canadian National Railway makes up over 7% of the portfolio, while the Latin American bottler Coca-Cola FEMSA makes up just over 1%.
The Future of the Foundation
The trust continues to be managed by a team of outside investment managers, whose decisions have a critical impact on the amount of money the Bill and Melinda Gates Foundation has to fund its initiatives. For example, if Berkshire Hathaway were to dip 10%, this would drop the portfolio value by more than $1 billion.
In addition, the foundation is funded in part by the Gates’ personal donations—more than $36 billion from 1994 to 2018. Should Bill and Melinda go on to create their own separate philanthropic efforts post-divorce, the foundation may have a smaller portfolio to pull from going forward.
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