The U.S. median household net worth dropped 35 percent from $102,844 to $66,740 between 2005 and 2010, according to data released Monday by the U.S. Census Bureau.
But if you take out home equity, median household net worth increased by 8 percent between 2009 and 2010, from $13,859 to $15,000.
Household net worth is the total value of your assets minus any debts.
"The overall decline in net worth reflects drops in housing values and stock market indices," said Census Bureau economist Alfred Gottschalck.
Median net worth decreased for all age groups over the period, but the drop was greater for older households than for younger ones. For householders 65 and older, it decreased from $195,890 to $170,128; for those under 35, the decrease was from $8,528 to $5,402.
But if you look at it in percentages, it's a different story: a 37 percent decline for younger householders, compared with a 13 percent drop for older ones.
Other net worth highlights
These data were collected in the Survey of Income and Program Participation. More info at http://www.sipp.census.gov/sipp/source.html