Bank Account Savings Rise with Income but Not Evenly

Median and mean bank account balances by earnings level, based on the most recent Federal Reserve data. Mean values are significantly higher at upper income levels, reflecting income and wealth concentration.

Higher earners tend to have higher average savings, but median balances remain far lower, highlighting how savings are unevenly distributed even within income groups. Retirement savings are not included.
Source: Federal Reserve (most recent available data)Get the dataCreated with Datawrapper