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This Is the Average American's Personal Savings Balance. How Does Yours Compare?

·3 min read
This Is the Average American's Personal Savings Balance. How Does Yours Compare?

Saving money is important for a number of reasons. First, you need money in your savings account in case an emergency strikes, such a major home repair or a layoff at work. You may be curious as to how your savings balance compares to that of the average American.