As of 2024, the average American had a net worth of $620,654, according to a recent report on global wealth by UBS. (1) But if that number sounds surprisingly high and disconnected from your lived experience, there’s a reason for that. Averages are calculated by taking a total amount and dividing it by the number of individuals in a dataset. However, this metric is easily skewed by a few individuals who are complete outliers. For instance, if you (with the average American net worth) and Elon Musk enter ...