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The defacto standard for economists recording and reporting average and median net worth has been to bucket it by age cohort for at least the last seventy years. Using common meanings of the terms isn't baiting and switching it intending to deceive or bury the lede.
They could have left a naked "average" at the end of the sentence and it would have made sense to assume 'appropriate methods'. They could have thrown in an appropriate qualifier do describe the cohort they're comparing him to "most people approaching retirement age."
They chose to say "the average American" which makes the statement somewhere between misleading and an outright fabrication.
If we're going that route you may as well take issue with the word "average" instead of using mean, median, or mode. Because the lack of specificity there is even greater than leaving off the age modifier.
But the whole thing is a weird pedantic exercise anyway. They are reporting using the standard models in a way that makes sense to the reader.