News & Trending Money News

Here's the Average Net Worth of 84-Year-Old Americans (How Do You Compare?)

Find out how your net worth stacks up and learn ways to stretch your dollars further.

By Chris Kissell

Edited by Amanda Machado

Updated Jan. 7, 2026

Many retirees find that their golden years gain a bit more luster as they enter their 80s. Such folks have had plenty of time to adjust to post-work life and may be slowing down to appreciate the wonder of life.

However, money worries may still loom for retirees in their 80s. If you have reached the ripe age of 84, how does your net worth compare to that of your peers?

Find out, and learn how to maximize your retirement savings so that your funds cover all your needs stress-free.

Get instant access to hundreds of discounts

Over 50? Join AARP today— because if you’re not a member you could be missing out on huge perks like discounts on travel, dining, and even prescriptions.

Get 25% off membership — just $15 for your first year with auto-renewal — and a free gift if you join today.

Become an AARP member now

The average net worth for 84-year-olds

Americans who are 75 and older have an average net worth of $1.62 million, according to the latest Federal Reserve's 2022 Survey of Consumer Finances. A net worth of north of $1 million probably sounds like a lot of money to most folks who are 84.

However, it's important to note that the "average" is defined as the total net worth of all people who are 84, divided by the number of people who are that age. That means extremely wealthy 84-year-olds skew the average much higher.

Who really has the cheapest auto insurance in your area? Check your zip code here.

What about the median net worth?

In some ways, the median net worth offers a better yardstick for comparing your net worth to the wealth of your peers. The median is the middle number in a series, with half the numbers above it and half below it.

The median net worth for those who are 75 and older is $335,600. So, among folks in this age group, half have a net worth above that amount, and half have a nest egg below it.

Regardless of what your net worth is today, you can improve your financial situation, even if you are retired and 84 years old. Here are some things you can do to boost your bottom line.

Keep a modest amount of money in stocks

By the time you reach 84, it's important to dial back on the risk in your portfolio. But that doesn't mean you should necessarily liquidate all stock investments.

One rule of thumb experts commonly recommend is to subtract your age from 100 and use the resulting figure to determine the percentage of your savings to invest in stocks. For an 84-year-old retiree, that number would be 16.

That means you might want to earmark 16% of your savings for the stock market. This will increase the odds that your savings will outpace inflation without the risk of disaster should the stock market plummet. If you are unsure of the right strategy for you, talk with a professional financial advisor.

Resolve $10,000 or more of your debt

National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.¹ <p>Clients who complete the program and settle all debts typically save around 45% before fees or 20% including fees over 24–48 months, based on enrolled debts. “Debt-free” applies only to enrolled credit cards, personal loans, and medical bills. Not mortgages, car loans, or other debts. Average program completion time is 24–48 months; not all debts are eligible, and results vary as not all clients complete the program due to factors like insufficient savings. We do not guarantee specific debt reductions or timelines, nor do we assume debt, make payments to creditors, or offer legal, tax, bankruptcy, or credit repair services. Consult a tax professional or attorney as needed. Services are not available in all states. Participation may adversely affect your credit rating or score. Nonpayment of debt may result in increased finance and other charges, collection efforts, or litigation. Read all program materials before enrolling. National Debt Relief’s fees are based on a percentage of enrolled debt. All communications may be recorded or monitored for quality assurance. In certain states, additional disclosures and licensing apply. ©️ 2009–2025 National Debt Relief LLC. National Debt Relief (NMLS #1250950, CA CFL Lic. No. 60DBO-70443) is located at 180 Maiden Lane, 28th Floor, New York, NY 10038. All rights reserved. <b><a href="https://www.nationaldebtrelief.com/licenses/">Click here</a></b> for additional state-specific disclosures and licensing information.</p>

Take advantage of the new federal tax deduction for seniors

For the 2025 through 2028 tax years, seniors who are at least age 65 can take up to an extra $6,000 deduction on their federal income tax return.

The deduction begins to phase out for taxpayers with modified adjusted gross income of more than $75,000 for singles and $150,000 for married couples filing jointly.

This new senior deduction can be a financial lifesaver for seniors in their 80s, and it is available regardless of whether you take the standard deduction or itemize.

Inquire about additional senior tax breaks in your state

Many states offer an array of tax breaks that can help qualifying seniors make ends meet.

All states offer some form of personal income tax subsidy to at least some seniors, according to the Institute on Taxation and Economic Policy. More than two dozen states also offer exemptions and tax breaks for seniors who have private pensions.

In addition, 16 states and the District of Columbia offer property tax exemptions for eligible seniors, according to Realtor.com. Another 18 states offer tax credits to seniors, and other states offer additional tax breaks.

Look for organizations that offer senior discounts

Many retailers, restaurants, and other organizations offer discounts to seniors. For example, AARP reports that more than a dozen grocery chains offer price breaks to older shoppers.

Stores such as Kohl's and Walgreens also offer seniors price breaks on specific days of the week. Make sure you shop during those days to get the best prices. Other stores, such as Michaels, offer senior discounts every day.

Many restaurants also offer senior discounts on all or part of their menus.

Make Money: 8 things to do if you're barely scraping by financially

Bottom line

Regardless of their current net worth, retirees who reach 84 years of age are unlikely to make any dramatic moves. Most people this age are not going to take a part-time job for extra income or to move to a part of the country where the cost of living is lower.

However, that does not mean they cannot find ways to shore up their finances and build a stress-free retirement. Taking advantage of tax breaks and discounts is among the ways to boost your net worth even later in life.

More from FinanceBuzz:

Benefits

Card Details

$0 annual fee
Intro APR on purchases and balance transfers
Apply Now

INTRO OFFER: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Redeem cash back for any amount. No annual fee.
Get a 0% intro APR for 15 months on purchases. Then 17.49% to 26.49% Standard Variable Purchase APR applies, based on credit worthiness.
Terms and conditions apply.

Discover <span class='whitespace-nowrap'>it<sup>®</sup></span> Cash Back

4.7

Apply Now

on Discover’s secure website

Read Card Review

Intro Offer

Discover will match all the cash back you’ve earned at the end of your first year.

Annual Fee

Why we like it