Bank Account Savings Differ Sharply by Race and Ethnicity

Median and mean bank account balances by race and ethnicity, based on the most recent Federal Reserve data. Mean values reflect higher balances among a smaller number of households and may not represent typical savings levels.

Mean savings are consistently higher than median savings across all groups, indicating that balances are skewed upward by a smaller share of higher-wealth households. These figures do not include retirement accounts or other long-term investments.
Source: Federal Reserve (most recent available data)Get the dataCreated with Datawrapper