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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]
How much does the average couple have saved for retirement? According to the latest numbers via the Federal Reserve’s 2022 Survey of Consumer Finances, the mean retirement savings balance was ...
[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]
The Social Security Administration (SSA) estimates that the dependency ratio (people ages 65+ divided by people ages 20–64) in 2080 will be over 40%, compared to the 20% in 2005. [91] SSA data shows one out of every four 65-year-olds today will live past the age of 90, while one out of 10 will live past 95.
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.
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.
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.
Overall median household income by state in 2018 [1]. Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau.