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Here's the Average Net Worth of 75-Year-Old Americans (How Do You Compare?)

Are you worth more or less than other individuals in your age cohort?

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Updated July 1, 2025
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After decades of building your wealth, you have finally retired. But even in your 70s, you might still worry that you haven't saved enough, which could lead you to ask how you're doing financially compared to your peers.

Discover the average net worth of 75-year-olds in America. Then, review strategies for boosting your net worth, even in your post-work years.

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What is the average net worth of someone who is 75?

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The average net worth for an American between the ages of 75 and 80 is $1,630,969, according to data from the Federal Reserve's 2022 Survey of Consumer Finances.

The median net worth for someone in the same age group is $316,000.

The latter figure probably represents a more accurate demographic snapshot for most folks. Tossing in just a handful of wealthy people can skew the average data high. On the other hand, the median is the middle value between the high and the low.

Also, since the Fed's net worth calculation applies to a range of ages between 75 and 80, don't be surprised if your net worth is actually lower than the median or average. A 75-year-old adult has had five fewer years to see their money compound compared to an investor who is 80.

How is net worth calculated?

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Net worth is the number that remains once you've subtracted the full amount of your liabilities from your overall assets.

Your savings, investments, and other valuables — such as a car or expensive jewelry — would all count as assets. On the other hand, things such as credit card debt or a mortgage loan would count as liabilities.

How do you compare?

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If you're at or above the average or median net worth, you can feel confident that you're more financially prepared for retirement than others in your cohort.

But remember that at the end of the day, your individual lifestyle determines how much you need for a comfortable retirement.

If your net worth is below average, don't worry — you can boost your savings at any time by starting with the 10 recommendations below.

Resolve $10,000 or more of your debt

Credit card debt is suffocating. It constantly weighs on your mind and controls every choice you make. You can end up emotionally and even physically drained from it. And even though you make regular payments, it feels like you can never make any progress because of the interest.

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1

How to get National Debt Relief to help you resolve your debt: Sign up for a free debt assessment here. (Do not skip this step!) By signing up for a free assessment, National Debt Relief can assist you in settling your debt, but only if you schedule the assessment.

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Take a part-time job in retirement

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Picking up a side gig can help you earn extra income so you can withdraw less from your investment accounts.

The longer money stays in those investment accounts — and the more money you're able to save from your extra job — the more compounding interest you'll accrue.

Reduce unnecessary expenses

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Most of your money should go toward necessary expenses, such as housing costs, groceries, or health care.

So, look at your monthly spending habits and try to find areas where you can afford to spend less. You don't need to eliminate all luxuries from your budget, but cutting back on such costs can make your dollars go further.

Prioritize credit card payments

Nicholas Felix/peopleimages.com/Adobe senior woman using laptop and credit card with her daughter

Prioritize paying off high-interest debt — such as credit card debt — to decrease the amount of extra money you pay in interest.

Many credit cards have interest rates in excess of 20%, so finding ways to crush your debt can make a huge difference to your bottom line.

Get professional financial help

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Not sure how to find more ways to save? A financial advisor can analyze your budget and offer you personalized, expert advice on how to increase your net worth.

Avoid investing in depreciating assets

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Some things that you purchase — such as a home — are likely to appreciate in value over time. Others, like a new car, start to depreciate almost as quickly as you buy them.

Try to avoid making big purchases that quickly depreciate. For example, think about buying a well-maintained used car rather than an expensive new car.

Take vacations close to home

Marc Elias/Adobe woman opening a suitcase in a hotel room

It might be nice to fly halfway across the globe for an exotic vacation, but you can enjoy a similarly relaxing break from the world if you stay close to home.

Don't feel like you have to cut yourself off from vacations entirely during retirement, but do your best to keep costs down.

Earn cash back on everyday purchases with a debit card

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Check on your investment portfolio

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As you age, you might consider tilting your investment portfolio toward more stable investments, such as bonds and cash.

Talk to your accountant to make sure your current investments reflect where you're at in life and can safely bring you the returns you need.

Consider downsizing

Camerene P/peopleimages.com/Adobe couple packing boxes together in their home

Moving into a smaller house with a much lower mortgage payment can help you keep more money in your pocket. Plus, a smaller house should mean lower insurance, utility, and tax bills.

Be strategic about taxes

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Minimizing what you owe in taxes can make a big difference to your net worth.

A qualified certified personal accountant or financial advisor can help you manage your finances in a way that reduces how much you will owe to both Uncle Sam and your state authorities.

Take care of your health

Valeri Luzina/Adobe stethoscope on banknotes healthcare cost concept

Medical costs tend to rise as we get older. Being proactive about your well-being early in retirement may help you catch health problems while they are still treatable.

In addition, you can take steps such as exercising regularly and eating better that should help you stay healthier for longer, which can reduce your overall health care costs.

Bottom line

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Regardless of how your net worth compares to that of other 75-year-olds, you can still enjoy your golden years in comfort.

A stress-free retirement depends on having enough savings to last the rest of your life. By adjusting your lifestyle to match what is in your wallet, you can have the peace of mind of knowing you're prepared for both today and tomorrow.

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