What Was the Average Family's Net Worth in the United States in 2014?

What Was the Average Family's Net Worth in the United States in 2014?

The average family's median net worth in 2014 was $45,000, according to CNN. "Median" means that half of Americans have more and half have less than this number. However, the average net worth in 2014 was $301,000.

As of 2015, the United States ranks 19th in median income and fourth in average income, according to CNN. The difference between the median and the average numbers may be due to wealth concentrations among a relatively small number of families.

The average family's net worth fell more than 30 percent between 2003 and 2013, reports The New York Times. However, the net worth of the 95th percentile increased by 14 percent in the same period.