American Family Financial Statistics

American Family Financial Statistics Data
Average American family savings account balance $4,220
Percent of American families who have no savings at all 24.3 %
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 account 7.7 %
Percent of American Families Who: Percent
Find it difficult to pay the bills 52 %
Are certain they could come up with $2,000 if an unexpected need arose next month 39 %
Were late on a mortgage payment last year 16 %
Experienced an income drop last year 22 %
Have an emergency fund to fall back on 38 %
Spend more than their income 18 %
Have health insurance 87 %
Have a past due medical bill 21 %
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American Family Retirement Savings Statistics Data
Percent of working Americans who are not saving for retirement 40 %
Average amount saved for retirement $36,250
Percent of American workers who postponed their retirement age this year 24 %
Percent who have taken a hardship withdrawal from their retirement account 10 %
Percent surveyed who are very confident about having enough money for retirement 18 %
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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