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Do you know your net worth? Here's how to figure it out

What’s your net worth?

record high of over 17 percent on average, according to Bankrate.

For student loans, rates run from 5.05 percent for direct loans for undergrads to 6.6 percent for direct unsubsidized loans for graduate and professional students.

You may also be able to lower the interest rate on your student loans substantially, even as low as 3 percent or 4 percent, by refinancing. Then, keep on top of regular payments, Routh said.

From there, work on building up your savings, particularly by participating in your company’s retirement savings plan (if offered). You should be contributing at least enough to receive an employer match, if you are eligible for one — even if that means cutting other expenses or dialing back your spending.

If your company does not offer a 401(k) plan or company match, consider contributing to an individual retirement account or a Roth IRA. Contributions to a Roth are not tax-deductible and earnings grow tax-free. And the contributions are yours to withdraw at any time without penalty.

Ideally, as you continue to earn and save, your net worth will grow. To track your progress, revisit your number once a year, LaRiviere said. “Check in to see what goals were we able to accomplish over those 12 months.”

Overall, household net worth has been trending higher, reaching $ 109 trillion in the third quarter of last year, according to the most recent Federal Reserve data. Much of the gain came from a run up in corporate stock prices, the Fed said.

Total wealth and wealth per adult in the U.S. have grown every year since 2008, according to a separate report from Credit Suisse.

Rising household wealth in this country has been “seemingly relentless,” Credit Suisse’s annual report said.

However, “it seems inevitable that the uninterrupted spell of increasing wealth in the U.S. will come to an end at some time,” the report’s authors at the bank’s research institute said.

“On the Money” airs on CNBC Saturdays at 5:30 a.m. ET, or check listings for air times in local markets.

More from Personal Finance:
Cash is no longer king for American consumers
Here’s how to get by without a paycheck
5 money mistakes that keep you from getting rich

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