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Household Savings in the USA

1.2% No particular reason HOUSEHOLD Average American family savings account balance $3,800 Savings 1.4% Investments 3.1% Buying own home in the USA 4.1% Do not save American adults who have 38% an emergency fund to fall back on 6.3% For the family Teens who say they are currently saving 38% 8.6% Education 57% for clothes 9.1% Purchases 51% for college 36% for a car Reasons why families save (2013) Average savings of a 50 year old $43,797 Who are confident about having enough money for retirement 18% %24 References: www.statisticbrain.com/retirement-statistics/ 30.5% of families surveyed in 2013 admitted that they were saving for retirement. www.statisticbrain.com/american-family-financial-statistics/ www.statisticbrain.com/teenage-consumer-spending-statistics/ www.statista.com/statistics/246194/american-families-reasons-for- saving-in-the-united-states/ HOLBORN ASSETS LIMITED 30.5% Retirement 35.8% Liquidity

Household Savings in the USA

shared by anastasiya.krast on Jan 26
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Household saving is defined as the difference between a household’s disposable income and its consumption. Here we take a look at the household savings in the USA through our infographics.

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Economy
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