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Here's Why the Average American Should Have $19,800 or More in Savings

Summary by The Motley Fool

Image source: Getty Images Most Americans don't have a ton of money in the bank. As of 2022, American families had a median of $8,000 in "transaction accounts" (checking, savings, and similar accounts), according to the Federal Reserve.Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today - enjoy peace of mind with competitive rates. That doesn't mean they're a…

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The Motley Fool

Here's Why the Average American Should Have $19,800 or More in Savings

Image source: Getty Images Most Americans don't have a ton of money in the bank. As of 2022, American families had a median of $8,000 in "transaction accounts" (checking, savings, and similar accounts), according to the Federal Reserve.Looking for a secure place to grow your savings? See our expert picks for the best FDIC-insured high-yield savings accounts available today - enjoy peace of mind with competitive rates. That doesn't mean they're a…

20 hours ago·Alexandria, United States

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The Motley Fool broke the news in Alexandria, United States 20 hours ago on Friday, February 21, 2025.

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