The Federal Reserve's most recent Survey of Consumer Finances found that
the median family net worth (half of all households have more, half have less) was:
Not exact matches
Median net worth for all
families, measured in 2016 dollars, dropped 8 % since 1998.
First, the
median net worth of
families with EPP assets is substantially greater than that of
families with no EPP assets, and
families with EPP assets are likely to have significantly more housing wealth than
families without EPP assets.
In modern times, the
net median household wealth for a white middle class
family was $ 141,900 in 2013 compared to only $ 11,000 for a black middle class
family (Reeves, 2013).
OTTAWA — Statistics Canada says the
median net worth of Canadian
families totalled $ 295,100 in 2016, up 14.7 per cent from 2012 the last time the survey was conducted.
According to Statistics Canada data, updated by MoneySense, Canadian
families headed by a 40 - year - old had
median net worth of $ 160,000 in 2008.
In 2008, the
median amount of tax paid by
families was $ 8,800 on a
median net income of $ 63,900.
Homeownership is a key driver of wealth accumulation for millions of
families, with the
median net worth for homeowners standing at $ 200,000 versus just over $ 5,000 for renters.
Before you dismiss that gap as a product of the housing boom, consider that in 1998, prior to the real estate market heating up, home owning
families»
median net worth was $ 168,200, while
net worth for renters was just $ 5,400.
Moreover, when comparing
median net worth to
median earnings, home owning
families come out ahead: Using the Federal Reserve's numbers again, owners»
net worth comes out to about two to three times their before - tax income.
In 2013, the national
median inflation - adjusted
family net worth — the difference between
families» gross assets and their liabilities — increased only in the upper — middle income tiers of households (the top 40 percentile of income) compared to 2010.