Is Your Net Worth Normal?? Check It Out!

Are you in the age bracket 25-34? Well, you should read this then. I posted two days ago about the new Feed the Pig website which is designed to help 25-34 year olds focus on savings. Well check out these stats about the average 25-34 year old:

Numbers in 1985

Median net worth - $6,788
Percentage who have interest bearing savings account - 61%
Ownership of stocks, bonds, IRA's or 401(k)'s - 65%
Average debt - $3,118

Now look at 2004:

Median net worth - $3,746 (despite higher incomes, it declined)
Percentage who have interest bearing savings account - 47% (another decline)
Ownership of stocks, bonds, IRA's or 401(k)'s - 55% (another decline)
Average debt - $4,733 (an increase)

This is amazing! I'm most amazed at the percentages. Forget the net worth and the debt, only 47% of people have an interest bearing account?? Come on! Everyone should have one of these!