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Are You Richer Or Poorer Than Your Fellow Americans?

Are you wealthy? That can be a hard question to answer since people have different ideas about what it means to be rich.

One way to determine where you stand in terms of wealth is to compare your net worth to that of your peers. Your net worth is the total value of what you own minus the total amount of debt you have. Simply add up all of your money and property, from investment accounts to homes and vehicles, to find out the total value of your assets. Then subtract all your debts, like your mortgage and car loan, and you’ll have your net worth.

Read on to learn your peers’ net worth and see where you stand compared to your fellow Americans.

This post originally appeared at The Motley Fool.