Average American is broke

American Girl

Ever wondered why it is so difficult to get money from your folks in the United States.
They simply don't have it!
Information from the Federal Reserve, Census Bureau and Internal Revenue Service explain why:
$3,950 - Average America family savings account balance
40% - Per cent of working Americans who are not saving for retirement
25% - Per cent of American families who have no savings at all
$35,000 - Average amount saved for retirement
$117,951 - Average American household debt
$160,000 - Average American family home value
$95,000 - Average amount owed on home mortgage
$43,000 - Average American household annual income
$2,200 - Average credit card debt
24% - Per cent of American workers who postponed their retirement age this year
18% - Per cent surveyed who are confident about having enough money for retirement
7.7% - Per cent of American adults who do not have a bank account
38% - Per cent of American adults who have an emergency fund to fall back on

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