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by warriormonk5
989 days ago
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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. Median household has 4k. 70% don't break 10k. It's the high end that weighs on that average pretty hard. |
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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-ame...