It's natural to compare one's self to others. Here on ER, a wide range of assets, income, and ages, but for the most part, not "average"... Since we're likely to spend our lives among "average" people, knowing what this means can help understand some the economics of our country.
It is interesting to compare numbers for middle America households.
Your numbers may vary, as sources have different ways of making comparisons. Some of these numbers were extrapolated.
Note: median equals half above, half below.... average is... average. Difference more important whan $$$ are being measured.
First...
Average household 2.5 persons
Median family income $52,000 (1/2 above, 1/2 below)
Median new home price $282,000
Average age of head of household 51 years
Average savings for middle income age 44 to 54.. $101,000
The average middle income family has one wage earner.
These numbers would include inheritances.
...................................................................................................
The average family's share of America's total assets is $900,000.
The average family's share of the national debt is $759,000
The average family personal debt is $131,000
The average family credit card debt is $597
.............................................................................................
321 million Americans
118 million taxpayers
148 million in workforce
17 million unemployed
117 million private sector jobs
28 million government employees
9 million self employed
2.3 million felons
11 million disabled
48 million retirees
44 million living in poverty
73 million medicaid recipients
46 million food stamp recipients
50 million public school students
21 million veterans
1.4 million in armed forces
Numbers yours to correct or question. Just an attempt to put it in perpective.
It is interesting to compare numbers for middle America households.
Your numbers may vary, as sources have different ways of making comparisons. Some of these numbers were extrapolated.
Note: median equals half above, half below.... average is... average. Difference more important whan $$$ are being measured.
First...
Average household 2.5 persons
Median family income $52,000 (1/2 above, 1/2 below)
Median new home price $282,000
Average age of head of household 51 years
Average savings for middle income age 44 to 54.. $101,000
The average middle income family has one wage earner.
These numbers would include inheritances.
...................................................................................................
The average family's share of America's total assets is $900,000.
The average family's share of the national debt is $759,000
The average family personal debt is $131,000
The average family credit card debt is $597
.............................................................................................
321 million Americans
118 million taxpayers
148 million in workforce
17 million unemployed
117 million private sector jobs
28 million government employees
9 million self employed
2.3 million felons
11 million disabled
48 million retirees
44 million living in poverty
73 million medicaid recipients
46 million food stamp recipients
50 million public school students
21 million veterans
1.4 million in armed forces
Numbers yours to correct or question. Just an attempt to put it in perpective.