The latest data shows where you fall by age, household, and education level. But just how much is the average american putting away, and do these figures vary by region The typical american has $8,000 in the bank, according to the federal reserve
Average Savings Account Balance in the US: Statistical Breakdown
That's the median transaction account balance as of 2022, which includes savings, checking, money market, call.
In 2025, the financial health of americans’ savings accounts is under the spotlight
With economic uncertainties, rising living costs, and fluctuating incomes shaping household budgets, it’s no wonder many americans question how much they should — or realistically can — save
