What Is The UK Average Net Worth By Age (2025)?

Matt | Personal Finance

Have you ever wondered how your Net Worth compares to others in your age group?   In this Short, we cover the average and median Net Worth by age for 2024/2025, based on the latest ONS data.   We walk through the numbers for individuals in their 20s, 30s, 40s, 50s and 60s, so you can assess where you stand and how to plan for the future.   #networth #wealth #wealthbuilding #personalfinance #moneytips #investing #savingmoney

Transcript

00:00In this video we're going to be looking at both the median and average net worth figures for an

00:04individual. So let's get going and start with the net worth for people aged in their 20s. For people

00:09between 20 and 24 the median net worth is just over £12,000. For a lot of people at this age

00:16they're finishing university or training apprenticeships and they're just starting

00:20their careers often with large amounts of student debt to pay back. Some people may have left

00:25education from 16 years old and been in work now for a few years and managed to build up a small

00:30amount of wealth. And then for people aged between 25 and 29 still in the early part of their career

00:36the median net worth is over £25,000 and the average net worth is now over £75,000. Most of the wealth

00:44for people aged in their 20s is in physical wealth so possessions like cars or mobile phones. In the

00:5030s age group net worth increases more rapidly with pension and property wealth contributing

00:55on top of physical wealth. For people aged between 30 and 34 the median net worth is over double at

01:01over £56,000 and the average net worth also increases to over £90,000. And then by 35 to 39 net worth

01:11increases again with the median net worth at over £86,000 and the average net worth is now over £146,000.

01:19In the late 40s and 50s age groups again we see big increases in net worth. This is where people

01:25with pensions and investments have grown, they've owned and held property which is appreciated over

01:30time and maybe they have their own businesses too which has helped to increase their net worth.

01:35This is also the age groups where people on average are earning the most amount of money they will do

01:40over their lifetime and therefore they're able to save, invest and grow their wealth faster.

01:45The 40 to 44 age group the median net worth is over £135,000 and the average net worth is over £243,000.

01:54And this steadily increases for the 44 to 49 age group and again for the 50 to 54 age group meaning

02:02that by mid to late 50s the median net worth is around 84% higher and the average net worth is

02:08around 67% higher when compared to the net worth of the early 40s age group. For 55 to 59 year olds

02:16the median net worth is over £247,000 and the average net worth is around £405,000. From early 40s to mid 50s

02:25property wealth on average contributes the largest proportion to overall net worth followed by

02:30pension investments. However by late 50s pension wealth overtakes property to become the largest

02:36contributor. Surprisingly financial wealth makes up a much smaller proportion of net worth.

02:41The median figures are just £2778 for those in their early 40s and only increased to £5300 by late 50s.

02:51So if you're able to start investing and compounding your investments from an early age

02:56you'll be way ahead of most people.

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