The U.S. Census Bureau publishes data on wealth and asset information, including net worth, on its official website. As of the 2015, the most recent Census Bureau data on U.S. household net worth by age, race, education level and household composition was published in 2011.
Net worth is the difference between assets and liabilities, explains USA Today. People calculate their net worth by adding up all of their assets, such as real estate and investment portfolios, and subtracting any outstanding debts such as mortgages, credit card balances and student loans.
Older Americans tend to have a higher proportion of their net worth in home equity, according to the 2011 Census data. Household members over age 75 reported a median net worth of $155,714, but only $20,366 of that number came from sources outside of home equity. In contrast, household members between the ages of 45 and 54 had only half the median net worth at $84,542, but $25,006 of it was from sources other than home equity.
Households reporting higher levels of education also reported higher net worth, according to Census data. Householders with graduate or professional degrees reported median net worth nearly six times that of high school graduates. Net worth also varies significantly by race. White household median net worth was reported at more than 10 times that of black and Hispanic households.