Male Net Worth chart for Teenagers 16 years old

Chart Insights

For 16-year-old males in the United States, net worth is typically modest but may begin rising as teens assume part-time jobs and build early savings habits. The median net worth for this cohort is estimated to be in the range of $400 USD, with most falling between $150 and $1,050 USD. At this age, a small but growing segment may start to save from earnings or gifts, signaling the first moves toward financial independence. Being a primary earner is still very rare, especially in households with shared financial responsibilities.​

Milestones and Peer Comparisons

By 16, teens may take on more part-time work, open their first bank account, or manage their own expenses. Financial resources remain limited, mostly stemming from allowances, gifts, or after-school employment. Comparing your net worth to peers at this stage can put early progress into perspective and help identify opportunities to save or invest - even small amounts. Growth tends to accelerate after high school, so modest balances are typical and not a cause for concern.​ At this age, you can also apply for a full drivers licence making it a little easier to get to some workplaces

Tips & Growth Factors

Cultivating positive money habits now sets the foundation for future financial health. Learning to track income and expenses, regularly contribute to savings, and understand the basics of earning and investing are key growth factors. Support from family and access to financial education make a big difference, helping teens develop lasting skills. Consistent effort, however small, leads to compounding benefits in the years ahead.​

Data Sources & Methodology

All statistics on this page are derived from reputable sources including the Federal Reserve’s Survey of Consumer Finances, anonymized data from NettleWorth users and our own research.
Net worth percentiles presented on this page are generated using a robust, age-based modeling framework designed to reflect realistic patterns of wealth accumulation throughout the lifespan. The approach applies a double exponential smoothing technique, calibrated to match Federal Reserve Survey of Consumer Finances data using parameters. Our data spans across the "earning" life stages from adolescence to late retirement.
We use a range of separate percentiles (from the 2nd to the 99th) that are calculated for every age and demographic group with demographic adjustments that are built into the model to reflect currently observed population-level trends.
Primary data sources include the Federal Reserve’s Survey of Consumer Finances (2022 release), Distributional Financial Accounts, IRS Personal Wealth Statistics, and leading financial research (see Federal Reserve, IRS, and Vanguard indices). Net worth figures are specified for U.S. residents in USD and follow the original percentile structure used in our calculations.
Further details on our assumptions and our transparent methodology are described in our documentation for those seeking deeper insight into the modeling process and its limitations. Just get in touch to discuss further or if you believe that an error has been made somewhere.