Infographic: The Average American Household's Finances: How Does Your Money Match Up?
Discover how your spending, saving, debt and more stack up against that of the average American.
The Average American Household's Finances:How Does Your Money Match Up?
Money — it’s something that few people openly discuss. So you may be wondering how your family’s finances stack up against those of your neighbors in the rest of the nation. Let’s take a peek behind closed doors. . .
What's coming in?
The median, annual gross household income is $57,617.[1,9]
Family households are earning
Non-family households are earning
What's going out?
Take a look at the cash you’re shelling out each month to fund your lifestyle. Here’s the breakdown of where your fellow Americans are spending their hard-earned money: 
- Total Expenses
- Insurance & Pensions
- Cash Contributions
Uncle Sam's cut
At tax time, the average Amercian household owes an estimated $16,436 in annual income-based taxes: [2,6]
- Federal Income Tax $7,456
- State & local income taxes $5,467
- Social Security tax $2,596
- Medicare tax $917
Ready for an emergency?
Most Americans' savings account could use a boost to protect them against unanticipated expenses:
Got debt? You’re not alone.
On average, Americans have... 
Getting smarter about credit
The average American has 3.1 credit cards and a FICO credit score of 700 — the highest average score on record. [3, 4] And the average balance of a family with credit card debt has decreased over the last few years. 
Get ready for retirement
Looking at retirement savings and pensions, 28% of non-retired adults have nothing saved. 
Americans, meanwhile, face increasing responsibility for funding their own retirements, as pensions continue to become less common. So they’re turning to 401(k) plans and IRA contributions: 
But it’s never too late to start saving! If your nest egg isn’t where you’d like it to be, consider a customized retirement plan to help you reach your goals.*A non-family household includes both one-person households and households in which the homeowner or primary renter shares the home exclusively with non-relatives.