Menu Icon Search
Close Search

About the ads

How much money does the average american family have saved up?

Discussion in 'Pre-Medical Allopathic [ MD ]' started by uclaussr, 06.30.11.

  1. uclaussr

    uclaussr

    Joined:
    05.28.09
    Messages:
    454
    Location:
    Hills of Westwood
    Status:
    Pre-Medical
    SDN 2+ Year Member

    SDN Members don't see this ad. (About Ads)
    Just curious, i know there are numbers for average salary, but how much does the typical middle age American family have saved up? Or are we a country of loans?
  2. patel2

    patel2

    Joined:
    05.21.10
    Messages:
    1,051
    Status:
    Medical Student
    SDN 2+ Year Member
    idk typically $3.50
  3. CodeBlu

    CodeBlu Van Wilder Lifetime Donor

    Joined:
    10.13.10
    Messages:
    10,936
    Location:
    Sunset Blvd.
    Status:
    Medical Student
    SDN 2+ Year Member
    Did we turn SDN into a financial forum? Really?
  4. Jarudy

    Jarudy

    Joined:
    05.02.11
    Messages:
    133
    Location:
    On my pursuit of happiness
    Status:
    Pre-Medical
    Median or average? I'd say the middle class is extremely diverse with savings and debt between credit cards and retirement savings (if existent). A well off upper mid class family can have a pretty penny in stocks/bonds/mutual funds, etc.
  5. Cypher321

    Cypher321 Board of Parks & Tourism

    Joined:
    01.07.10
    Messages:
    188
    Location:
    California - Land of Fruits and Nuts
    Status:
    Pre-Medical
    SDN 2+ Year Member
    Tree Fiddy?
  6. SissyAlice

    SissyAlice

    Joined:
    10.05.10
    Messages:
    88
    Status:
    Pre-Medical
    $2000 in the bank

    -$7,500 in credit cards

    -$200,000 mortgage

    -$14,000 car

    -$20,000 student loans

    -$10,000 misc

    Totally random numbers :p

    I have about 1.5k in the bank right now and my car is paid off probably worth $13k.... -$30k in student loans? :laugh:
  7. MeatTornado

    MeatTornado

    Joined:
    12.01.08
    Messages:
    2,596
    Status:
    Resident [Any Field]
    Physician SDN 5+ Year Member
  8. ipodtouch

    ipodtouch

    Joined:
    09.18.08
    Messages:
    238
    SDN 5+ Year Member
    I think something around the lines of -$80,000
  9. serenade

    serenade Medical Alchemist

    Joined:
    11.10.09
    Messages:
    12,204
    Location:
    Lior, Amastris
    Status:
    Medical Student (Accepted)
    SDN 5+ Year Member
  10. pkwraith

    pkwraith

    Joined:
    04.15.11
    Messages:
    716
    Status:
    Medical Student
    SDN 2+ Year Member
    It's actually quite surprising how many people you know actually aren't saving. I was talking to my father the other day, and found out that my parents had maybe $2000 in a savings account. They do have a house and 401k, but still, that really surprised me.
  11. StudyShy

    StudyShy XOXO

    Joined:
    04.12.01
    Messages:
    4,363
    SDN 10+ Year Member
    It's hard to save.
  12. eli20

    eli20

    Joined:
    11.16.10
    Messages:
    769
    Location:
    Texas
    Status:
    Medical Student
    SDN 2+ Year Member
  13. Elpenor

    Elpenor

    Joined:
    10.14.09
    Messages:
    489
    Status:
    Pre-Health (Field Undecided)
    SDN 2+ Year Member
    <500 dollars
  14. CaliGirl14

    CaliGirl14 No worries.

    Joined:
    12.26.09
    Messages:
    8,804
    SDN 2+ Year Member
    I've got 2k saved! I feel special :D
    Last edited: 07.01.11
  15. Narmerguy

    Narmerguy SDN Senior Moderator

    Joined:
    07.14.07
    Messages:
    6,699
    SDN 7+ Year Member
    Yep. Especially hard to save and live the american dream too.
  16. CaliGirl14

    CaliGirl14 No worries.

    Joined:
    12.26.09
    Messages:
    8,804
    SDN 2+ Year Member
    It's hard to save when everyone around you is spending :oops:
  17. circulus vitios

    circulus vitios

    Joined:
    07.18.08
    Messages:
    6,205
    SDN 5+ Year Member
    I found a few articles from various news websites saying ~$4k, but who knows how accurate that is. I found another article on BLS.gov that compares retirement savings of baby boomers to other groups. http://www.bls.gov/opub/cwc/cm20050114ar01p1.htm

    http://www.bls.gov/opub/cwc/tables/cm20050114ar01t3.htm

    :eek:
  18. Web MD

    Web MD Doctor of the Internets

    Joined:
    07.07.09
    Messages:
    661
    Location:
    Look Behind You - Too Late
    Status:
    Pre-Medical
    SDN 5+ Year Member
    These numbers are skewed because they refuse to include the Americans who keep their savings in the form of gold
  19. IlDestriero

    IlDestriero Ether Man

    Joined:
    11.24.07
    Messages:
    4,296
    Location:
    The ivory tower.
    Status:
    Attending Physician
    Physician Faculty SDN 7+ Year Member
    Yeah, because most people have a shoebox of gold coins in the safe deposit box. Most people don't even have an emergency account, unless you, like them, think enough for a couple new tires and an oil change will cover it. Grandma's 20 silver dollars too, if things get really bad.:rolleyes:
  20. SissyAlice

    SissyAlice

    Joined:
    10.05.10
    Messages:
    88
    Status:
    Pre-Medical
    Bleh, my immigrant grandparents kept $50k in their house because they didn't trust banks... Ended up getting stolen by a relative :rolleyes:

// Share //

Style: SDN Universal