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>> American households, on average, have $41,600 in savings, according to data last collected by the Federal Reserve in 2019. Average vs Median strikes again.
by warriormonk5 3y ago
>> American households, on average, have $41,600 in savings, according to data last collected by the Federal Reserve in 2019.
Average vs Median strikes again.
Median household has 4k. 70% don't break 10k.
It's the high end that weighs on that average pretty hard.
- happytiger 3y agoNot my intention. That’s why I provided the sources. The data in the last link really is worth checking out. I don’t disagree with you, but the numbers I’ve seen numbers are off quite a bit from what you’re quoting. Source? Age Group Mean Net Worth Median Net Worth Less than 35 $76,300 $13,900 35-44 $436,200 $91,300 45-54 $833,200 $168,600 55-64 $1,175,900 $212,500 65-74 $1,217,700 $266,400 75 or more $977,600 $254,800 https://www.firstrepublic.com/insights-education/average-american-net-worth-by-age-education-and-more https://www.firstrepublic.com/insights-education/average-ame...