american family financial statistics net worth

American Family Financial Statistics

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American Family Financial StatisticsData
Average American family savings account balance$4,220
Percent of American families who have no savings at all24.3 %
Average American household debt$117,951
Average American family home value$165,000
Average amount owed on home mortgage$96,500
Average American household annual income$43,750
Average credit card debt$2,650
Percent of American adults who do not have a bank account7.7 %
Percent of American Families Who:Percent
Find it difficult to pay the bills52 %
Are certain they could come up with $2,000 if an unexpected need arose next month39 %
Were late on a mortgage payment last year16 %
Experienced an income drop last year22 %
Have an emergency fund to fall back on38 %
Spend more than their income18 %
Have health insurance87 %
Have a past due medical bill21 %
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American Family Retirement Savings StatisticsData
Percent of working Americans who are not saving for retirement40 %
Average amount saved for retirement$36,250
Percent of American workers who postponed their retirement age this year24 %
Percent who have taken a hardship withdrawal from their retirement account10 %
Percent surveyed who are very confident about having enough money for retirement18 %
Average percent of salary an American worker contributes to a 401(k)6.8 %
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Statistic Sources & References
Sources: Federal Reserve, US Census Bureau, Internal Revenue Service, FINRA
Content Author: Statistic Brain

Date research was conducted: August 1, 2016

American Family Financial Statistics

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