How Much Does The Average American Have In Their Bank Account?

While the average U.S.

savings account contains $16,420, the median savings account balance across American households is $4,830.

How much does the average American have in their savings account?

The average American household has $175,510 in savings as of June 2018. That may sound like a lot, but an average can’t tell the whole story, since millions of families have nothing put away at all while others manage to be super-savers. Indeed, as it turns out, the median American household has only $11,700.

How much does the average 25 year old have saved?

How much you should have saved is related to how much you earn. The goal would be to have at least one year of salary saved by the time you reach 30. The median salary for people aged 25 to 34 is around $40,000.

How much does the average 30 year old have in the bank?

But for the ABOVE AVERAGE 30 year old, his or her net worth is closer to $250,000. Read on to learn more. According to CNN Money, the average net worth for the following ages are: $9,000 for ages 25-34, $52,000 for ages 35-44, $100,000 for ages 45-54, $180,000 for ages 55-64, and $232,000+ for 65+.

How much money does the average 21 year old have?

That means that the typical 25-year old might want to have somewhere around $10,000 in savings.