| Money in your 30s | ||
|---|---|---|
What you have | Amount | |
Median net worth | $44,200 | |
Median net worth of top 25% | $128,100 | |
Median net worth of top 10% | $317,800 | |
Median income | $48,263 | |
Life expectancy* | 70-72.9 | |
Children in household | 67.6% | |
Homeownership | 60.3% | |
Median value of home | $150,000 | |
Own a car or cars | 88.10% | |
Median value of vehicle(s) | $13,000 | |
What you owe | ||
Households with debt | 87.0% | |
Median total debt | $86,000 | |
% carrying credit card debt | 55.00% | |
Median balance | $2,000 | |
% carrying student loans | 21.2% | |
Median amount owed | $13,000 | |
% carrying installment loans | 61.4% | |
Median amount owed | $12,000 | |
% with a mortgage | 55.9% | |
Median amount owed | $112,000 | |
Households on the edge | ||
Negative net worth | 11.1% | |
60 days late on a bill | 11.8% | |
Owe $10,000 or more on credit cards | 8.4% | |
No health insurance | 21.4% | |
Your future | ||
Households with a pension | 20.6% | |
401(k) or IRA | 53.4% | |
Median value of accounts | $17,000 | |
Money in your 40s
Median net worth
$117,800
Median net worth of top 25%
$338,100
Median net worth of top 10%
$719,800
Median income
$57,505
Life expectancy*
79.5 years
Children in household
67.6%
Homeownership
74.3%
Median value of home
$175,000
Own a car or cars
89.5%
Median value of vehicle(s)
$18,100
What you owe
Households with debt
88.4%
Median total debt
$92,000
% carrying credit card debt
56.3%
Median balance
$2,900
% carrying student loans
13.1%
Median amount owed
$8,000
% carrying installment loans
52.1%
Median amount owed
$12,000
% with a mortgage
64.5%
Median amount owed
$102,000
Households on the edge
Negative net worth
7.5%
60 days late on a bill
7.9%
Owe $10,000 or more on credit cards
10.7%
No health insurance
18.7%**
Your future
Households with a pension
28.8%
401(k) or IRA
59.0%
Median value of accounts
$40,000
Median household income
$60,586
Median net worth
$182,300
Percent with home equity
80.70%
Percent with credit card debt
50.30%
Median amount owed on cards
$2,700
Percent with traditional pensions
38.10%
Percent with minor children
40.30%
Source: Federal Reserve's 2004 Survey of Consumer Reports
*Life expectancy from National Center for Health Statistics, 2006
