According to The Wall Street Journal, the average net worth per person in America was $182,000 back in 2010. That’s pretty huge given all the media likes to do is talk about how people aren’t saving and investing enough for their retirement. Then came a 2014 Credit Suisse survey highlighting the average net worth in America is a whopping $301,000 (see pic)! Regulars here know that I’ve been pretty positive about the economy for a while, and this stat just makes me even more so.
Originally, I had my doubts about the $182,000 figure, since the median 2007 net worth of all US households is $109,000 based on a Federal Reserve survey. However, could it be that everybody in America can all buy new Porsche 911 Turbos with plenty of money left over if they wanted to? After some thought, I shared the story over social media to see what the community would say, and the negative responses astounded me!