The average person may have different reasons for calculating their net worth. They may want to know this figure for estate planning, to create a personal financial statement for lending purposes ...

If you are stumped by the question "What is net ... examples: Mortgage and housing costs. While your house is an asset, your mortgage is counted as a liability. Use your most recent mortgage ...

How a balance sheet works Why balance sheets are important How to make a personal balance sheet FAQs Bottom line A balance sheet, also known as a statement of net worth, is a summary of a company ...

The median net worth ranges from a few thousand dollars for the lower class to a few million for the upper class, but most families fall somewhere in between.

The average net worth by age can help you ... picture of your financial situation. For example, if you have $500,000 in your 401(k), own a home worth $500,000, and drive a BMW worth $100,000 ...