Tuesday, January 30, 2024

One measure of inequality

From USA Today of 24 Jan 2024:

The average American household has $62,410 in savings, per the Federal Reserve.

However, the median American household has just $8,000.

Note: The Fed link shows "transaction accounts" by default, not savings. But it looks like that site would be useful, if I could figure it out. For now, I'm just going with the quote from USA Today.

1 comment:

Oilfield Trash said...

Hello Art

Don't know if you pick up the flow chart used to build these numbers.