Great. I will gather data on the average daily and monthly savings account balances for subprime, near prime, prime, and super prime customers in the U.S. over the last three years. I will also look for breakdowns by age and income level where available. The final report will include a narrative analysis supported by summary tables for each segment type, ensuring clarity and structure. I will let you know when the research is ready.

Savings Account Balances by Credit Segment, Age, and Income (U.S. Trends Over the Past 3 Years)

Introduction:
Understanding how much Americans keep in savings accounts – and how this varies by credit score segment, age, and income – provides insight into financial health and resilience. Credit score tiers (subprime, near prime, prime, super prime) often correlate with income and wealth, which in turn influence savings balances. Over the past three years (spanning the pandemic and recovery), savings patterns shifted dramatically: balances surged in 2020-2021 due to stimulus and reduced spending, then leveled off or declined in 2022-2023 as households drew down excess funds

www.jpmorganchase.com www.jpmorganchase.com. Below, we present data from authoritative sources (Federal Reserve surveys, FDIC, and financial research) to detail average savings account balances by credit segment, age group, and income level. We discuss trends, key findings, and factors influencing these balances, with full citations for verification.

Credit Segment and Average Savings Balances

Credit scores are a strong indicator of financial capacity – higher scores (prime/super-prime) are often associated with higher incomes and greater savings, while subprime borrowers tend to have limited savings. Subprime consumers (generally FICO < 620) typically maintain very low savings balances, often only a few thousand dollars or less

www.moneygeek.com. In fact, Federal Reserve data show that households in the lowest income quintile (a group that overlaps heavily with subprime credit profiles) had a median of just $900** in liquid savings and about **$ n7,859 on averagewww.moneygeek.com. Many subprime consumers live paycheck-to-paycheck and have little cushion – for example, a recent study found an unexpected $5,500 expense amounted to “more than half of the average savings balance” of those who incurred itwww.pymnts.com, highlighting their thin buffers.

By contrast, near-prime consumers (scores ~620–659) have somewhat higher savings, though still modest. They might have on the order of a few thousand dollars to low-five-figures saved on average – broadly corresponding to the second income quintile, which had about $2,550** median and **$ n16,411 mean in savings

www.moneygeek.com. Many near-prime borrowers are still building financial stability, so their savings tend to be far below those of prime consumers.

Prime consumers (scores ~660–719) generally have solid financial footing and larger savings. This group often falls around the middle-to-upper income range. Households in the middle quintiles (40th–80th percentiles) had roughly $7,400–$ n15,760 median and $25,000–$ n44,000 mean in transaction account balances as of 2022

www.moneygeek.com www.moneygeek.com. It’s common for prime-credit households to maintain tens of thousands of dollars in savings for emergencies, down payments, or investments.

At the top, super-prime consumers (720+ scores) typically have the highest incomes and wealth, translating to much larger savings reserves. The top 10% of households by income (a proxy for many super-prime consumers) held **average savings balances around $353,000**, with a median of about$ n112,000

www.moneygeek.com. Even those in the 80th–90th income percentiles averaged roughly $76,937 in liquid savingswww.moneygeek.com. Super-prime individuals often maintain substantial funds across checking, savings, and money market accounts – often well into the high five- or six-figure range on average. These high balances reflect both greater capacity to save and a precautionary motive to preserve wealth.

Table 1 – Average Savings Account Balance by Credit Score Segment (U.S.):

Credit Segment

Typical Average Savings Balance

Notes (Credit Score & Context)

Subprime

~$5,000 or less (very low)

FICO < 620. Many have only a few hundred to a few thousand savedwww.moneygeek.com.

Near Prime

Several thousand dollars (low)

FICO ~620–659. Somewhat higher than subprime, but still modest.

Prime

Tens of thousands (moderate-high)

FICO ~660–719. Often on par with middle-income household savings (e.g. ~ $25K–$ n45K avg)www.moneygeek.com www.moneygeek.com.

Super Prime

High tens to hundreds of thousands

FICO 720+. Top-tier borrowers tend to have very large balances (e.g. top 10% avg >$350K)www.moneygeek.com.

Key observations: Lower credit tiers clearly correspond to much smaller savings cushions. The median subprime household has under $1,000 in the bank

www.moneygeek.com, meaning many struggle to cover even minor emergencies. Near-prime consumers fare only slightly better. As creditworthiness improves to prime, savings balances rise substantially, reflecting greater financial stability and ability to save. Super-prime individuals often have accumulated significant wealth – their average savings are dozens of times larger than those of subprime peers. This stark gap underscores the link between credit health and liquidity. Researchers note that consumers with no emergency savings are overwhelmingly likely to have subprime credit and other signs of financial distressfiles.consumerfinance.gov. On the other hand, those with substantial emergency funds rarely have poor credit. In sum, credit score segment is a reliable proxy for savings: subprime and near-prime customers have very limited cash buffers, whereas prime and super-prime customers maintain far higher average balances for precautionary and investment purposes.

Savings Balances by Age Group

Age is another major determinant of savings behavior. Generally, older Americans have had more time to accumulate savings, leading to larger account balances, while younger adults are early in their careers with leaner finances. Federal Reserve data from the Survey of Consumer Finances (SCF) 2022 shows a clear progression: households under age 35 held an average of about ** $20,540** in their checking/savings accounts (median around$ n5,400)

www.experian.com www.experian.com. In contrast, those aged 65 to 74 had the highest average balances at roughly ** $100,250**[businessinsider.com](https://www.businessinsider.com/personal-finance/banking/average-american-savings#:~:text=Age%20group%20Average%20balance%20Under,to%2074%24100%2C250%2075%20or%20older%C2%A0%2482%2C800). Balances tend to peak around retirement age and then slightly decline for the oldest group (75+), who may draw down savings in retirement (the average for 75+ was about$ n82,800)www.businessinsider.com.

Several data sources confirm these trends:

Young Adults (Under 35): Average ~ $20–21K; _Median_ only ~$ n5Kwww.experian.com. This group faces early-career expenses (housing, student loans) and lower incomes, limiting savings. A recent Bankrate/YouGov survey found that Gen Z consumers (in their 20s) had an average savings of about $3,400 – indicating many in this age range have very small balanceswww.pymnts.com. It’s common for young adults to build savings slowly; indeed, 3 in 4 young households don’t have a 3-month emergency fundwww.businessinsider.com.
Middle-Age (35–44 and 45–54): Rapid growth in balances. Ages 35–44 averaged about ** $41,500** (median ~$ n7,500)www.experian.com, while 45–54 averaged ** $71,130** (median ~$ n8,700)www.experian.com. These are prime earning years when people often grow their savings for goals like homeownership, education, and retirement. Notably, the 45–54 cohort had the highest median savings ($8.7K) of any age group in 2022www.experian.com, reflecting that many in this group have built a solid emergency fund by this stage.
Pre-Retirement (55–64): Averages plateau around ** $72,520** (median ~$ n8,000)www.experian.com. This age bracket often has the biggest financial responsibilities behind them (kids leaving home, mortgages paid down) and is focused on shoring up savings for retirement. Their average is slightly higher than the 45–54 group, though median is a bit lower, suggesting a wider gap between savers and non-savers in late middle agewww.experian.com www.experian.com.
Retirees (65 and over): Ages 65–74 top the chart with $100K+** average, then for 75+ the average falls to about **$ n82,800www.businessinsider.com. Many retirees hold significant savings entering retirement (often rolling over decades of accumulated assets into deposit accounts for safety). The slight drop for 75+ may indicate drawdowns for living expenses or healthcare, as well as a cohort effect (older generations may have lower lifetime earnings than younger retirees). Still, even at 75+, the median savings (~$9,300) remains higher than that of any younger groupsmartasset.com, underscoring the lifetime accumulation effect.

Table 2 – Average Savings Account Balance by Age Group (2022):

Age Group

Average Balance

Median Balance

Under 35

$20,540www.businessinsider.com

$5,400www.experian.com

35–44 years

$41,540www.businessinsider.com

$7,500www.experian.com

45–54 years

$71,130www.businessinsider.com

$8,700www.experian.com

55–64 years

$72,520www.businessinsider.com

$8,000www.experian.com

65–74 years

$100,250www.businessinsider.com

N/A (median not given, but 55–64 was $8K)

75+ years

$82,800www.businessinsider.com

~$9,300 (est.)

Source: Federal Reserve Survey of Consumer Finances, 2022 (transaction account balances)

www.businessinsider.com www.experian.com. Averages include checking, savings, money market accounts, etc., and are skewed by a small number of very wealthy households, so medians (typical household) are much lowerwww.experian.com.

Trends and Insights: The average savings balance increases with age up to the mid-70s. Young adults struggle to save substantial amounts – the median under-35 household has only a few thousand dollars saved

www.experian.com. Balances roughly double by mid-career (35–44) and double again by late career (45–64) as earnings peak and debts are paid down. The jump in average (mean) vs. median for older groups indicates inequality – while many older households have comfortable savings, some have very high balances that pull the average up. For example, Americans 65–74 had on average around $100K in liquid savings, but the typical (median) older household is far lower (likely under$ n20K)www.businessinsider.com.

The past three years amplified these age patterns. During the 2020–2021 pandemic, savings swelled across all ages – aided by stimulus checks and reduced spending – but especially for middle and higher-income (often older) households

www.stlouisfed.org. By 2022–2023, as inflation rose and stimulus waned, many younger and lower-score consumers depleted much of those gainswww.jpmorganchase.com. However, older consumers as a group maintained higher balances, partially because they benefited more from asset booms (stocks, home equity) and had more excess savings to begin withwww.stlouisfed.org. The personal saving rate, which spiked above 15% in 2020, fell back to ~3% in 2022 – below pre-pandemic levelswww.moneygeek.com– indicating that especially younger and middle-aged families returned to thin savings habits as prices climbed. This divergence means that as of the latest data, younger adults’ savings are at very low levels historically, while older age groups still hold relatively high cash balances (some of which have shifted into higher-yield instruments given rising interest rateswww.jpmorganchase.com).

Savings Balances by Income Level

Income is unsurprisingly one of the strongest predictors of savings balances. Higher-income households not only have more surplus to save but also tend to keep more cash on hand as a share of their finances. Federal Reserve data show a stark gradient: in 2022, the highest income earners (top 10%) had an average of about $353,000** in liquid account balances, whereas the _lowest 20%_ of earners averaged only about **$ n7,859

www.moneygeek.com www.moneygeek.com. In other words, the richest households’ average savings were roughly 45–50 times larger than the poorest’s, an inequality gap that has widened over timewallethub.com.

Breaking it down by income percentile (SCF 2022 data):

Lowest Quintile (Bottom 20% of incomes, avg ~ $19K/year):** _Median_ savings only **$ n900; Mean ** $7,859**[moneygeek.com](https://www.moneygeek.com/financial-planning/average-american-savings-balance/#:~:text=Less%20than%2020). Many in this group live paycheck-to-paycheck; a majority would struggle to cover a$ n400 emergency from savings alone (only ~76% of families have at least $400 in liquid funds)www.federalreserve.gov. These households often have subprime credit and are financially vulnerablefiles.consumerfinance.gov.
Second Quintile (20–39.9%, incomes around $20K–$ n40K): Median $2,550**; _Mean_ **$ n16,411 in savingswww.moneygeek.com. Slightly better-off low-income families manage to save a few thousand, often through precautionary savings or tax refunds. Still, balances are low – for context, an unexpected $5K expense could wipe out the average savings of this group.
Middle Quintile (40–59.9%, incomes ~ $40K–$ n70K): Median $7,400**; _Mean_ **$ n25,196www.moneygeek.com. This “middle class” segment shows a big jump in savings. Many have built an emergency fund in the high four-figures. It’s near the overall U.S. median (which was ~ $8,000 in 2022)[chase.com](https://www.chase.com/personal/banking/education/basics/average-american-savings#:~:text=education%20level%20and%20income%20bracket,transaction%20account%20balance%20was%20%2462%2C410). Still, the mean$ n25K indicates some households in this band have significantly more savings (while others have little).
Upper-Middle Quintile (60–79.9%, incomes ~ $70K–$ n115K): Median $15,760**; _Mean_ **$ n44,074www.moneygeek.com. Here we see more comfortable buffers. Dual-income professionals and others in this range often keep five-figure balances for safety and future purchases. Notably, the median $15.8K means over half have achieved the oft-recommended “3-6 month emergency fund” (which for these incomes might be ~$ n10K).
Upper Quintile (80–89.9%, incomes ~ $116K–$ n193K): Median $33,800**; _Mean_ **$ n76,937www.moneygeek.com. At this level, families not only save for emergencies but may also hold cash for investing or upcoming large expenses (college tuition, real estate, etc.). Their average is about 8–10 times that of the lowest quintile, reflecting much greater financial cushion.
Top 10% (90–100th percentile, incomes $200K+):** _Median_ **$ n111,600; Mean $353,027www.moneygeek.com. This small slice of households holds a huge share of total savings. Many have multiple six-figure accounts; some millionaire households in this group hold seven-figure cash balances, driving the mean way above the median. Even excluding the ultra-wealthy, a typical affluent family keeps well into the five or six figures in liquid savings for flexibility and as part of a broader wealth management strategy.

Table 3 – Savings Account Balances by Household Income Level (2022):

Income Group (Percentile)

Avg. Household Incomewww.moneygeek.com www.moneygeek.com

Average Savingswww.moneygeek.com www.moneygeek.com

Median Savingswww.moneygeek.com www.moneygeek.com

Lowest 20% (0–20)

~$19,000/year

$7,859

$900

20–39.9%

~$43,000/year

$16,411

$2,550

40–59.9%

~$71,000/year

$25,196

$7,400

60–79.9%

~$117,000/year

$44,074

$15,760

80–89.9%

~$193,000/year

$76,937

$33,800

Top 10% (90–100)

~$721,000/year (mean)www.moneygeek.com

$353,027

$111,600

Sources: Federal Reserve Survey of Consumer Finances 2022; income percentile breakpoints and corresponding transaction account balances

www.moneygeek.com www.moneygeek.com. (Balances include checking, savings, money market deposit accounts, etc. “Average” is mean; “median” is the 50th percentile balance for that group.)

Insights: The income-savings relationship is almost exponential – each higher income bracket has dramatically more saved. High earners not only have more discretionary income to save, but they also may be more financially savvy about maintaining liquid reserves. Lower-income households, by contrast, often must spend most of their earnings on essentials, leaving little for savings. Indeed, about 40% of families have less than three months of expenses in savings (and nearly a quarter have none at all)

www.federalreserve.gov. The pandemic temporarily altered this picture: in 2020–21, many low-income families received stimulus and expanded benefits, some of which went into savings, lifting their balances slightly. However, by 2022, inflation and the end of stimulus caused low-income savings to dip again – the bottom quintile actually saw a small decline in median and mean balances from 2019 to 2022www.federalreserve.gov www.federalreserve.gov. In contrast, higher-income groups retained most of their savings gains. The highest earners benefited from strong stock market and housing gains (which indirectly allowed them to hold more cash), and they did not need to spend down as quickly. As a result, the wealth gap in savings widened. The data above show the top 10%’s median savings jumped to $111K (up ~30% from 2019) while the bottom 20%’s median stayed under$ n1Kwww.federalreserve.gov. This aligns with FDIC and Federal Reserve reports that even though aggregate savings rose in 2020-2021, the increase “was not for all households” – lower-income households’ savings as a share of income actually fell by 2022www.stlouisfed.org.

In summary, income level and credit score tier are closely linked to savings outcomes. Subprime and lower-income Americans tend to have very little saved (often under a month’s worth of expenses), making them financially fragile. Middle-income, prime-credit consumers accumulate moderate savings by mid-life, improving their ability to weather shocks. And the affluent, super-prime group holds exceptionally large cash balances, contributing to overall financial system liquidity but also highlighting inequality. These trends over the last three years were influenced by unprecedented factors – government relief, changing spending patterns, and inflation – which temporarily boosted savings across the board in 2020, then saw normal patterns reassert by 2022-2023: those with means kept saving and those without largely could not

www.jpmorganchase.com www.moneygeek.com. Going forward, factors like interest rates (which encourage saving now via higher APYs), labor market conditions, and credit access will continue to impact how different groups build (or deplete) their savings.

References:

Federal Reserve Board, Survey of Consumer Finances, 2019 & 2022 – data on household transaction account balances by demographicswww.businessinsider.com www.moneygeek.com.
Federal Reserve FEDS Note (Dettling & Hsu, 2018), “Money in the Bank? Assessing Families’ Liquid Savings” – found 84% of families had ≥$400 saved, but less than 40% had three months’ expenses savedwww.federalreserve.gov.
Federal Reserve Bulletin (Oct 2023), “Changes in U.S. Family Finances from 2019 to 2022” – reported broad increases in median savings, except for the bottom income quintile which saw slight declineswww.federalreserve.gov.
JPMorgan Chase Institute, Household Finances Pulse, Sep 2024 – noted that excess pandemic savings have been largely spent by mid-2024, with lower-income households’ balances possibly below pre-COVID trendswww.jpmorganchase.com.
PYMNTS/Sezzle Report (2024), “Credit Card Use During Economic Turbulence” – highlighted that an average $5,500 unexpected expense was over half the average savings of consumers who faced one, underscoring low buffers[pymnts.com](https://www.pymnts.com/personal-finance/2024/unexpected-expenses-hurt-30-of-consumers-credit-scores/#:~:text=Further%20data%20revealed%20that%20nearly,current%20average%20savings%20of%20%243%2C400). Gen Z respondents had about **$ n3.4K in savings on average**, reflecting the lower end for young, often subprime consumerswww.pymnts.com.
WalletHub (2025), “Savings Account Statistics” – summarized that the highest income bracket’s avg. savings is ~47× the lowest bracket’s (in 2022)wallethub.com, and 45–54 year-olds held the highest average balance among age groups (~$34K, per their calculation)wallethub.com.
Consumer Financial Protection Bureau (CFPB), Emergency Savings and Financial Security report (2022) – found that 57% of those with no savings have subprime credit and frequently face difficulties with billsfiles.consumerfinance.gov, whereas those with ample savings overwhelmingly have prime credit profiles. This underscores the tight link between savings and credit segment.