Median Bank Account Balances Among U.S. Households Vary Significantly By Age, Household Type and Education
According to the Federal Reserve's Survey of Consumer Finances from 2022, median bank account balances in the U.S. range between $5,400 for those under 35 years old and $13,400 for individuals aged 65–74. The data also shows that couples have higher savings than single households, while college-educated families report the highest balances.
Topics: bank balances demographics Federal Reserve data median savings