Median Net Worth Among Older Americans Is Surprisingly Low. Here's How You Can Do Better.
Net worth is the sort of thing not everyone thinks about. You may be aware of how much money is in your savings account or what your IRA balance looks like. But getting at your net worth requires further digging.
Net worth is calculated as your total assets minus your various liabilities. So let's say you have:
All told, that puts your net worth at $220,000.
Source Fool.com