has done wonders for the average American's balance sheet. savings in bank accounts are much more likely to get spent than paper. For the typical household in a major metro area, that's about $23,000. But the average American has less than $4,000 in savings, while 57% of. According to the most recent Federal Reserve consumer finance data, the average American household has $40,000 in liquid savings across.
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The average American has less than $1,000 in savings. Here's why
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