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 % |