Comment on Is Your Net Worth Better Than the Average American?

Is Your Net Worth Better Than the Average American?

Net worth isn't the only financial data point you should be tracking, but it's an important one. Keeping tabs on your net worth can help you achieve financial freedom, and knowing how your net worth stacks up can lead to changes that guarantee a secure retirement. Fortunately, the Federal Reserve triennial study of consumer finance released last fall offers insight into whether you're running ahead of the pack or in need of doubling down on your plans to boost savings and reduce your debt. America's net worth tumbled during the Great Recession, but the Federal Reserve's survey shows that rising income, stock market prices, and home values have recently put people in much better financial shape.IMAGE SOURCE: GETTY IMAGES.Continue reading

 

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