What is the most important number in determining your financial health? Is it your Credit Score or your Net Worth? Most Americans put a tremendous focus on their credit score while ignoring their net worth. A good credit score will allow you to get good interest rates on future loans. However, your Net Worth is far more important. A strong Net Worth means you own more than you owe. In summary, a good credit score gets you access to debt. A good Net Worth gets you access to cash. Would you rather have cash or debt?
The median net worth by age (decade) according to research done by Empower.com
20s = $7,573
30s = $35,462
40s = $125,028
50s = $288,743
60s = $442,224
70s = $370,178
80s = $342,212
90s = $294,874
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