Net worth isn't just about assets; it's a calculation that considers both what you own and what you owe. Even with a high income, poor financial management can leave you with a low net worth. Alarmingly, the median net worth for those around 40 is just $91,300, highlighting the impact of significant consumer debt, which averages over $24,000 for this age group. It's time to rethink our approach to financial health and strive for better outcomes.
