Question #13 of GOBankingRates’ Top 100 Money Experts Series How do I calculate my net worth, and why does it matter? If net ...

Have you surpassed the average net worth of your peers? Get tips from financial advisers on how to grow you wealth over time.

The average net worth for U.S. families is about $1.06 million. The median is $192,700, according to Federal Reserve data. Net worth typically grows as you age, until you stop working.

Your net worth is like your personal financial scorecard. While you mostly play against your former self, benchmarking your progress with the elite can be fun and helpful. A high income isn't as ...