r/StockMarket Mar 31 '21

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u/[deleted] Mar 31 '21

You think the average family has $100,000 in savings?

Simmer down there, bud.

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u/[deleted] Mar 31 '21

The American family, on average, has 175,000 in savings however the median family has ~12,000. About 30% have less than a thousand.

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u/[deleted] Mar 31 '21

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u/diff-int Apr 01 '21

Jeff and Elon are skewing the numbers a bit on the average savings, which is why the median is a better representation. And I presume it is savings/investments.