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However, multi-racial Asian Americans are the fastest growing group in the country, with a growth rate of 55%, reflecting the increase of mixed-race marriages in the United States. [32] [33] As of 2022, births to White American mothers remain around 50% of the US total, reflecting a decline of 3% compared to 2021. [34]
[37] In 1960, Americans were, on average, the richest people in the world by a massive margin. [38] During the 1960s, median family incomes increased by over 33%, while per capita expenditures on recreation and meals grew by over 40%. From 1959 to 1969, median family income (in 1984 dollars) increased from $19,300 to $26,700. [39]
And as of 2022, the average U.S. household's net worth was a pretty impressive $1,063,700. But that number definitely doesn't tell the whole story. So don't panic if your personal net worth isn't ...
The average U.S. consumer, as of 2023, had a total debt load of $104,215, according to Experian. Average credit card debt, per consumer, was $6,501, while the average auto loan debt was $23,792.
According to the Institute on Assets and Social Policy, for each dollar of increase in average income an African American household saw from 1984 to 2009 just $0.69 in additional wealth was generated, compared with the same dollar in increased income creating an additional $5.19 in wealth for a similarly situated white household.
American households reported an average retirement account balance of $333,940 and an average net worth of $1.06 million. Read on to see an age-based breakdown of those figures.
How Much Does the Average American Make? According to the U.S. Bureau of Labor Statistics, the median weekly earnings for full-time workers in the fourth quarter of 2022 was $1,085.
Overall the race gap between African Americans and Whites has remained roughly equal between both races over the past decade. [24] [27] Both races saw a gain in median income between 1996 and 2006, with the income growth among African Americans slightly outpacing that of Whites. In 1996 the median income for Whites was $5,957 (31%) higher than ...