We Aight! Based on this financial graph, we are way above in our age range

[theking]

How Much Money Americans Have in the Bank: Median Account Balances by Age, Family Structure, and Education
How Much Cash Americans Keep in the Bank—And Where You Stand
Ever wondered how your bank balance compares to others? Federal Reserve data reveals what savings a typical American has by age, household type, and education.

According to the Federal Reserve's Survey of Consumer Finances, the median amount Americans had in their bank accounts in 2022 (the most recent data available) was $8,000. This amount is in transaction accounts, which include checking, savings, money market, and brokerage cash accounts, as well as prepaid debit cards. (Certificates of deposit and retirement accounts are not part of this grouping.)

But that $8,000 figure only tells part of the story. Median balances vary widely by age, household type, and education.

Bank Balances by Age: How Do You Compare?
The Federal Reserve looks at multiple age groups in its survey:

[theking]

"$8,000"...

Our cost of living is that much per month once averaged..

Pretty sad in this day and first world ...

[theking]

YUP this factor...:

'Running off the cliff': An explosion of household debt has put the US economy in a tough spot
In a recent note to clients, the European Bank flagged a concerning trend that's taken hold in the US in recent years: the rise in household debt and the concurrent decline in household savings.

[hmgROCK]

looks like i’m below the median line

 

p=pebhmong