spreadsheet with figures plus notebook (Photo: Shutterstock)

Calculating your net worth – especially when you know there’s not much “worth” in your “net” — may seem like a painful exercise with no point. In fact, only 35% of U.S. adults are confident they even understand what “net worth” means, even though 91% have heard the phrase, notes a new report from Personal Capital.

Basically it’s the difference between what you own versus what you owe. It’s one way to “get a bird’s eye view of your complete financial situation.” according to Michelle Brownstein, CFP, VP of Personal Capital Private Client Group. And it’s not just for the wealthy, she says. “Knowing where you stand can allow you to create a plan,” whether for debt management, investment goals or long-term retirement needs.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

C.J. Marwitz

C.J. Marwitz is a writer and editor.

More from this author


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.