How Much Money Do Americans Have in Their Bank Accounts in 2024?
How Much Money Do Americans Have in Their Bank Accounts in 2024?
Many Americans have alarmingly low balances.
The largest proportion of those surveyed (38%) have $100 or less in their checking accounts.
Half of Americans have less than $500 in savings, with 36% having $100 or less in savings.
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I mostly follow the Dave Ramsey every dollar plan. So I have my budget worked out in such a way that once I'm done paying everything and moving money around, my bank account has like $5 in it that's just there to absorb any weird charges I might forget about. It doesn't normally happen, but it helps to have it just for that reason. I also have a specific amount that I put into my savings every month and the vast majority of my money I take out of the fiat system entirely every single month.