What Is Household Net Worth
Household net worth is the difference between what a household owns and what it owes. It is a snapshot of financial health. Assets include cash, investments, retirement accounts, and property. Liabilities include mortgages, loans, and credit card balances.
How Merrill Edge Helps You Calculate Net Worth
Merrill Edge provides tools that can help you track assets and liabilities in one place. You can link external accounts to see a combined view. The platform organizes balances, investments, and debts to support a clearer picture of your net worth.
Steps to Calculate Your Net Worth
Start by listing all assets, such as bank accounts, investment portfolios, and real estate. Next, list all liabilities, including mortgages and loans. Subtract total liabilities from total assets to get your net worth. Regularly updating these figures helps you monitor progress over time. For more details on net worth basics, see Investopedia.
