2007-03-26 03:41:13 · 5 answers · asked by loom1025 1 in Business & Finance ➔ Personal Finance
how much money are in the accounts
2007-03-26 03:49:18 · update #1
This is a very interesting question. I would like to know as well. I know one should have enough money in savings to pay all their living expenses for three months,just to avoid going bankrupt due to loss of job. We are an average income family. We have 35,000 in long term and 5,000 in short term saving for emergencies.
2007-03-26 09:55:20 · answer #1 · answered by thirsty mind 6 · 0⤊ 0⤋
The net worth of the typical American household is less than $15,000, excluding home equity, zero if you factor out cars and other possessions. Less than 25 percent own any stocks, bonds or even a money market account. Most have reserves so small they couldn't survive more than a month without a paycheck. And half of the elderly over 65 would live in poverty without their meager Social Security payments.
2007-03-26 10:52:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
VERY low. Money tends to burn a hole in the average American's pocket. I have no credit card debt and roughly $10,000 in savings at this point. I will be going from 3.1% APR to 4.87% APR. (I <3 my bank!) I plan on putting more money away to save for the down payment on a house. It's a buyers' market now due to all of the foreclosures associated with subprime. (I also plan on putting money into 401(k) and Roth IRA when I qualify.)
2007-03-26 11:28:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
what do you mean by average savings account?? are you talking about the average interest on saving account? or is it about the average savings in a account?
2007-03-26 10:45:45 · answer #4 · answered by Jack Bauer 2 · 0⤊ 0⤋
$2.94...read that somewhere
2007-03-26 10:43:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋