As of between April 2022 and June 2023, the median amount of savings that adults had in their balance in the United States decreased significantly. The average savings balance also decreased, according to a survey. The reason for the disparity between the median and mean values is that the answers of those respondents with very high savings that distort the results of the mean, but not the median.
Mean and median amount of personal savings in the United States from 2022 to 2023, by type
(in U.S. dollars)
Characteristic
2022
2023
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The Motley Fool. (October 18, 2023). Mean and median amount of personal savings in the United States from 2022 to 2023, by type (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/
The Motley Fool. "Mean and median amount of personal savings in the United States from 2022 to 2023, by type (in U.S. dollars)." Chart. October 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/
The Motley Fool. (2023). Mean and median amount of personal savings in the United States from 2022 to 2023, by type (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/
The Motley Fool. "Mean and Median Amount of Personal Savings in The United States from 2022 to 2023, by Type (in U.S. Dollars)." Statista, Statista Inc., 18 Oct 2023, https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/
The Motley Fool, Mean and median amount of personal savings in the United States from 2022 to 2023, by type (in U.S. dollars) Statista, https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/ (last visited July 22, 2024)
Mean and median amount of personal savings in the United States from 2022 to 2023, by type (in U.S. dollars) [Graph], The Motley Fool, October 18, 2023. [Online]. Available: https://www.statista.com/statistics/1356265/mean-and-median-amount-of-savings-in-the-us-by-type/