Cost of fuel...

Juiced06GTO · 03-13-2022, 12:35 PM

People clearly do not have a lot of savings - this is just transactional account data, not retirement accounts. The average American is not paying up front to add solar to their house, or buying $96k Tesla's. Those that are doing that are taking on debt to make it happen.

Average savings by age (per 2019 Federal Reserve Survey of Consumer Finances) - the article I pulled this from - https://www.firstrepublic.com/articl...ricans-savings

Younger than 35
Median - $3,240 Mean - $11,250
35 to 44
Median - $4,710 Mean - $27,910
45 to 54
Median - $5,620 Mean - $48,200
55 to 64
Median - $6,400 Mean - $55,320
65 to 74
Median - $8,000 Mean - $57,670
75 and older
Median - $9,300 Mean - $60,410

03-13-2022, 12:35 PM	#11
Juiced06GTO Senior Member Join Date: Aug 2017 Posts: 216 Thanks: 9 Thanked 84 Times in 49 Posts	People clearly do not have a lot of savings - this is just transactional account data, not retirement accounts. The average American is not paying up front to add solar to their house, or buying $96k Tesla's. Those that are doing that are taking on debt to make it happen. Average savings by age (per 2019 Federal Reserve Survey of Consumer Finances) - the article I pulled this from - https://www.firstrepublic.com/articl...ricans-savings Younger than 35 Median - $3,240 Mean - $11,250 35 to 44 Median - $4,710 Mean - $27,910 45 to 54 Median - $5,620 Mean - $48,200 55 to 64 Median - $6,400 Mean - $55,320 65 to 74 Median - $8,000 Mean - $57,670 75 and older Median - $9,300 Mean - $60,410

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Biggd (03-13-2022)