How Much Money Does the Average Person Save?

How Much Money Does the Average Person Save?

How Much Money Does the Average Person Save?

According to Zacks Investment Research, the average U.S. savings account contains $5,923. This includes individual and joint savings accounts but not those managed by large groups or organizations. Therefore, it can be surmised that the average person has just short of $6,000 saved that they can access easily.

In addition to money in savings accounts, many individuals also have retirement savings. The amount of money in a retirement savings account varies significantly by age. According to Forbes, men between the ages of 25 and 54 have an average of $220,000 in their retirement savings accounts, while women have an average of $219,000.