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According to a study byKiplinger, net worth varies significantly by age.
GOBankingRates outlined Gen Zs net worthcompared to other generationsbased on the study.
Read on to see where you stack up compared to other people in different age groups.
Data shows that homeowners have an average net worth of $1.53 million compared to $154,900 for renters.
For Gen Z, investing in education and aiming for homeownership can significantly enhancelong-term financial health.
Managing debt is another vital aspect of building net worth.
Reducing liabilities such as student loans and credit card debt directly boosts net worth.
Entrepreneurship also offers a pathway to increasing net worth.
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