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If you want to be wealthier, becoming your own boss may pay off. 

A new release from the Small Business Administration’s Office of Advocacy finds that self-employed people are, on average, wealthier than their non-self-employed peers. Specifically, the median net worth for self-employed families was $380,000 in 2019; for the families of workers it was $90,000 — meaning that self-employed families had a net worth over four times larger than their peers in the workforce.

Of course, there’s an important corollary to that, per the SBA: “It is not clear if the self-employed choose self-employment because they details ⇒

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