What the Average American Has in Their Savings Account — and How You Compare
Keep in mind that the "right" figure for you depends on your unique situation and goals.
money.com
Mean balance in savings account by age:
Less than 35: $20,540
35-44: $41,540
45-54: $71,130
55-64: $72,520
65-74: $100,250
75 or older: $82,800
Median balance in savings account by age:
Less than 35: $5,400
35-44: $7,500
45-54: $8,700
55-64: $8,000
65-74: $13,400
75 or older: $10,000
Why mean and median vary so widely
Mean or average figures are greatly influenced by the ultra-wealthy. Outliers have more of an impact on a group of numbers' mean than their median, which explains why the mean figures above are so much higher than their median counterparts. The median balance may be more useful for you.
