what does the average american have in savings?
The average retirement savings of all American families is $95,776, but there is more to that number than meets the eye. Since so many families have no savings, the median â 50th percentile â family has just $5,000 saved. The median for families with savings accounts is $60,000:
Whereas the average savings of a family with members in the 32-to-37 age range is $31,644, the median savings is a bleak $480. At the other end, the average savings of families 56 to 61 â those nearest to retirement â is $163,557. The median is $17,000.