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|
|Older than 75||$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.
Ranked: The World’s Least Affordable Cities to Buy a Home
For the 10th consecutive year, Hong Kong ranks as the least affordable city. Vancouver Canada is the second, followed by Sydney, Australia.
Ranked: The World’s Least Affordable Cities to Buy a Home
In certain parts of the world, housing prices have risen much faster than household incomes, making home ownership increasingly more difficult for the average Joe.
Using data from Demographia published in 2020, this graphic looks at some of the world’s most expensive housing markets.
The Least Affordable Housing Markets
It’s worth noting that this data looks at housing affordability specifically for middle-income earners. While it’s far from globally exhaustive, it measures affordability in 309 major metropolitan areas across Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the U.S., and the UK.
In this study, a city’s affordability is calculated by taking its median housing price and dividing it by the median household income.
- Moderately Unaffordable: 3.1 to 4.0
- Seriously Unaffordable: 4.1 to 5.0
- Severely Unaffordable: 5.1+
All the cities on this graphic classify as severely unaffordable. Perhaps unsurprisingly, Hong Kong is the most unaffordable housing market—scoring 20.8 to take the top spot.
|Hong Kong||🇨🇳 China||20.8|
|Vancouver, BC||🇨🇦 Canada||11.9|
|Sydney, NSW||🇦🇺 Australia||11.0|
|Melbourne, VIC||🇦🇺 Australia||9.5|
|Los Angeles, CA||🇺🇸 United States||9.0|
|Auckland||🇳🇿 New Zealand||8.6|
|Toronto, ON||🇨🇦 Canada||8.6|
|San Jose, CA||🇺🇸 United States||8.5|
|San Francisco, CA||🇺🇸 United States||8.4|
|London (Greater London Authority)||🇬🇧 United Kingdom||8.2|
|Honolulu, HI||🇺🇸 United States||8.0|
|San Diego, CA||🇺🇸 United States||7.3|
|Adelaide, SA||🇦🇺 Australia||6.9|
|Bournemouth & Dorsett||🇬🇧 United Kingdom||6.9|
Home to 7.5 million people, Hong Kong has ranked as the world’s least affordable city for 10 consecutive years. Because of its steep housing prices, nano apartments have risen in popularity over the last decade.
The Most Affordable Housing Markets
Three of the most expensive housing markets are in America, but at the same time, the country also contains some of the most affordable markets in the eight-country study, too.
In fact, the top 10 most affordable cities are all in America:
|Rochester, NY||🇺🇸 United States||2.5|
|Cleveland, OH||🇺🇸 United States||2.7|
|Oklahoma City, OK||🇺🇸 United States||2.7|
|Buffalo, NY||🇺🇸 United States||2.8|
|Cincinnati, OH-KY-IN||🇺🇸 United States||2.8|
|Pittsburgh, PA||🇺🇸 United States||2.8|
|St. Louis, MO-IL||🇺🇸 United States||2.8|
|Hartford, CT||🇺🇸 United States||2.9|
|Indianapolis. IN||🇺🇸 United States||2.9|
|Tulsa, OK||🇺🇸 United States||3.0|
Keep in mind, these figures are from Q3’2019. Considering the pandemic-induced suburban shuffle that’s been going on in some of America’s major housing markets, this list could look a bit different in Demographia’s next report.
>>Like this? Then you might like this article on The 10 Most Expensive Cities in the World
Chart: The 20 Top Stocks of 2020 by Price Return
Only a handful of companies thrived in the face of the pandemic. Which of these emerged to become the 20 top stocks of 2020?
Chart: The 20 Top Stocks of 2020, by Price Return and EPS
In the whirlwind of the pandemic, most businesses experienced chaos. From shuttered physical stores to the rapid rise of online activity, only a select few companies successfully weathered the storm.
We look at the 20 top stocks of 2020 by price return (% change), and earnings per share (EPS), which is an indicator of a company’s profitability.
EPS is calculated by dividing a company’s profit by its outstanding shares of common stock. The higher an EPS value, the more profitable a company is deemed.
A Closer Look at the Leaderboard
Tesla’s value surged in 2020, as it raked in 743.4% in returns—the highest of any stock. In fact, it’s the only automaker to enter this list.
|Rank||Company||Industry||% Change||EPS, Q3’2020|
|#1||Tesla Inc||Other (Auto Manufacturer)||743.4%||$0.27|
|#2||Fiverr International Ltd||Tech/Online (Retail)||730.2%||-$0.01|
|#3||Twist Bioscience Corp||Medical (Biotech)||572.8%||-$0.36|
|#4||Enphase Energy Inc||Other (Solar Energy||571.5%||$0.28|
|#5||Peloton Interactive Cl A||Tech/Online (Leisure)||434.2%||$0.20|
|#6||Moderna Inc||Medical (Biotech)||434.1%||-$0.59|
|#7||Curevac N V||Medical (Biotech)||406.7%||N/A|
|#8||Sunrun Inc||Other (Solar Energy)||402.4%||$0.28|
|#9||Zoom Video Comm Cl A||Tech/Online (Software)||395.8%||$0.66|
|#10||Sea Limited Ads Cl A||Tech/Online (Retail, Leisure)||394.9%||N/A|
|#11||Denali Therapeutics Inc||Medical (Biotech)||380.6%||-$0.54|
|#12||Beam Therapeutics Inc||Medical (Biotech)||380.2%||-$0.69|
|#13||Pinduoduo Inc Cl A Ads||Tech/Online (Retail)||369.8%||-$0.10|
|#14||Silvergate Cap Corp Cl A||Other (Finance/Banks)||367.1%||N/A|
|#15||Schrodinger Inc||Medical (Service)||365.8%||$0.05|
|#16||Fate Therapeutics Inc||Medical (Biotech)||364.6%||-$0.68|
|#17||Bilibili Inc Cl Z Ads||Tech/Online (Leisure)||360.4%||-$0.45|
|#18||Inari Medical Inc||Medical (Service)||359.4%||N/A|
|#19||Alx Oncology Holding Inc||Medical (Biotech)||353.7%||N/A|
|#20||Cloudflare Inc Cl A||Tech/Online (Software)||345.4%||-$0.09|
Zoom comes out on top with $0.66 in earnings per share. This is likely a result of society’s increased reliance on its videoconferencing capabilities, a trend that became clear quite early on last year.
Notable Stocks by Category
If we look at the overall categories, the medical industry pulled in nine of the top 20 stocks in 2020. As the world scrambled to develop an immunization against COVID-19, Moderna was one of the first companies to get there, announcing a vaccine with 94.1% efficacy. As a result, the company showed an impressive 434% in returns.
The Tech/Online category came in second, although slightly more diversification is found here, ranging from software to retail and leisure:
- In the growing global gig economy, Fiverr’s platform connects freelancers with those in need of their services.
- Peloton is tapping into the lucrative home fitness market, particularly with people now spending more time at home.
- Sea Ltd. is a Southeast Asian conglomerate with business verticals across ecommerce, online gaming, and digital payments.
One final interesting observation is that of the stocks in the Other category, two of them deal in the business of solar energy, exhibiting high returns and similar EPS values, likely from a global shift towards cleaner energy sources.
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