What Do You Have in Reserve for 2018?
Build your emergency fund this year.
Jeffrey P. Kendall, CFP®
How much does the average American household have in the bank? Estimates vary, but the short answer to this question is “not enough.”
Last year, a GoBankingRates poll discovered that 57% of U.S. households had less than $1,000 in deposit accounts (although, 25% reported having at least $10,000). A 2017 analysis from Moebs Services, a research firm consulting banks and credit unions, noted that the average U.S. checking account contained around $3,600.1,2