Back 2 Basics
12 Tips for Improving Financial Well-being, Reducing Debt and Increasing Net Worth
The good news is that American households have a total net worth of $85.2 trillion.1 The bad news is that most families are still behind where they were financially in 2007. 2In a recent survey, over half of Americans said they had less than $1,000 in their checking and savings accounts combined.3
In this guide, you’ll learn:
- The average net worth of Americans in your age range
- Ways to determine your spending needs vs. wants
- How to determine your tolerance for risk
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1 U.S. Federal Reserve: Federal Reserve Statistical Release – Financial Accounts of the United States Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts Third Quarter 2015.
2 Money.com: Household Wealth Is the Highest Ever. Probably Not Your Household’s, Though; by Kerri Anne Renzulli; March 13, 2015.
3 Google Consumer Surveys for MagnifyMoney; December 2015.