How does your mortgage compare? US household savings and debts, at a glance
By APFriday, September 17, 2010
US household savings and debt, at a glance
U.S. household wealth declined this spring for the first time since early 2009 as stock portfolios shrank. Americans’ total net worth fell $1.5 trillion to $53.5 trillion in the April-June quarter, the Federal Reserve said Friday.
The Fed’s report, known as the Flow of Funds, provides a broad picture of the average household’s savings and debts:
$455,173: Average U.S. household net worth. It includes homes, stocks, retirement accounts and other assets.
Some of the major components are:
$145,641: Average home value.
$99,149: Average retirement account.
$92,090: Average investments in stocks and mutual funds.
$52,993: Average amount in savings and certificates of deposit.
The value of these investments are offset by debts:
$114,434: Average household debt, including mortgages, credit cards, and student loans.
$201,326: Average mortgage. (It exceeds average debt because not every household has a mortgage.)
$20,861: Average credit card, auto loan and other consumer debt.
Sources: Federal Reserve and Census Bureau.
