When it comes to savings and wealth, digging into national data is one way to put your own finances into perspective.<\/p>\n
Looking at how Americans are saving<\/a>, investing<\/a>, and building financial security<\/a> can help you see whether you\u2019re on track, spot areas where you might improve, and set realistic goals for the future.<\/p>\n Whether you\u2019re curious about how much others keep in savings accounts, what typical retirement balances look like, or how wealth is distributed across the country, these figures tell a story about financial health in 2025 \u2014 and where you fit into it.<\/p>\n Deposit account rates vary widely across products and banking institutions. Here are some of the national average rates for deposit accounts, according to the FDIC<\/a>:<\/p>\n According to the FDIC<\/a>, 95.8% of U.S. households were \u201cbanked\u201d as of 2023 (the latest data available), meaning they held bank accounts \u2014 such as checking or savings accounts \u2014 with traditional financial institutions.<\/p>\n<\/li>\n The average transaction account balance (which includes checking accounts, savings accounts, money market accounts, call accounts, and prepaid debit cards) is $62,410, according to the Federal Reserve\u2019s latest Survey of Consumer Finances<\/a>.<\/p>\n<\/li>\n The median transaction account balance is $8,000.<\/p>\n<\/li>\n<\/ul>\n In 2023, 4.2% of U.S. households (or about 5.6 million) were unbanked<\/a>. The most commonly cited reasons for not having a bank account included not having enough money to meet minimum balance requirements, distrust of banks, and too many fees.<\/p>\n<\/li>\n The American Bankers Association<\/a> found that just 8% of people prefer to handle their bank transactions in person via traditional banking. By contrast, 77% prefer online alternatives<\/a>.<\/p>\n<\/li>\n Over half of banked households (55%) use mobile banking<\/a> as their primary method of account access.<\/p>\n<\/li>\n<\/ul>\n The median retirement account balance in the U.S. is $87,000.<\/p>\n<\/li>\n When comparing the average retirement savings by age<\/a>, those aged 65-74 have the most savings, and those aged 35 and under have the least.<\/p>\n<\/li>\n<\/ul>\n The median emergency savings for Americans is $600, according to a 2025 survey by Empower<\/a>. Nearly two in five (37%) Americans say they couldn\u2019t afford an emergency expense over $400, while 21% have no emergency savings at all.<\/p>\n<\/li>\n<\/ul>\n Real median household income was $80,610 in 2023 (the latest data available), representing a 4% increase from 2022, according to the U.S. Census<\/a>.<\/p>\n<\/li>\n The average American family\u2019s net worth was $1,059,470 in 2022, according to the most recent Survey of Consumer Finances<\/a>. The median net worth was $192,700 for the same year.<\/p>\n<\/li>\n<\/ul>\n\n
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