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:
Hello Art
Don't know if you pick up the flow chart used to build these numbers.
https://www.federalreserve.gov/econres/files/Networth%20Flowchart.pdf
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