Financial Statistics of the Average American (Eye-Opening)

Check out these eye-opening financial statistics of the average American! Here, we explore surprising realities, disparities, and intriguing insights that shed light on the everyday financial struggles and successes experienced by individuals across the nation. From staggering debt figures to unexpected savings habits, we'll dissect the numbers and reveal the financial landscape that shapes our lives.

0:00 Intro
0:53 Earnings
2:37 Savings and Investing
3:54 Debt
5:04 Retirement
6:08 Financial Literacy

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📜 DISCLAIMERS & DISCLOSURES
This content is for education and entertainment only. Diane doesn't offer personal finance, wealth, or investment advice. The information is shared without regard to individual investor goals, risk tolerance, or financial situations and may not be suitable for everyone. Affiliate links may be included to support this channel. 💙

[algernoncalydon]

Average savings $5000. Average high interest credit card debt, $14, 000. Say no more.

[thereignofthezero]

Household debt here is zero, so dont blame me haha

[richardlee]

These are good observations. As a habit, most should listen to finance channels and evaluate their progress on a monthly basis. I would also recommend the now out-of-print books by Charles J. Givens "Wealth Without Risk" and "More Wealth Without Risk." Cutting consumer debt, getting into the right kind of "good debt" (yes, there is such a thing), and understanding the power of compound interest are the tools towards wealth building. I would also suggest NOT retiring until necessary, as a financial goal really shouldn't be focused on quitting work altogether. Work is about productivity, and real meaning should be found in work, not excess leisure.

[LeeWalton]

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

[johnrac]

Question; how many illegal residents are benefiting from tax payer programs? How will the USA benefit from these people? When will they start paying taxes? These folks need to start contributing into the system …. When? How? Do we have to fund their education too? Isn’t this a bit too much?
This is also an in-equality of responsibility that falls on the middle class American

[anniealexander]

I felt bad until it got to the debt part.

[thereignofthezero]

Nice to confirm that im still considered rich.

[Itsanawfulwasteofspace]

Ok so what did the guy guess on the show? Now I have to google it. 😆

[sandybeach]

The rich getting richer is the American way.

[tap-money]

Found your channel yesterday. Love it! Keep inspiring Diane. :)

[rntt]

Worldbank and IMF... I'm sure you love independence, freedom, and individual sovereignty...

[laurie]

I like what you had to say but so much talking with your hands was very distracting.

[youarehere]

Were you double parked while making the video?

[frankt]

Interest rates are at 40 year highs. Get rid of credit car debt and most will be far better.

[icanmanifest]

Great video. I'm licensed to actually help people take these facts and implement real solutions to them if anyone wants any help let me know. Subscribed.

[ChairmanPaulieD]

You just earned a NEW Subscriber Diane ✅ I’m starting to teach my teenagers about wealth management and financial literacy (assets, corporate business credit, corporate financing, starting corporations) and I’m also getting them a checking account and savings account and teaching them about secured credit cards. I’ve also been telling them that on my next personal credit card I will put them as “Authorized Users” so they can at least start building up a credit score before reaching the age of 18. And then getting them a secured credit card 💳

[coastalhillbilly]

These days more than ever, the Average American has little room for financial mistakes

[KayzoTran]

Great statistics to know, thank you! We definitely need debt management and should prioritize debts with high interest, including credit cards.

[Lancelot]

Great video ma’am. I just don’t agree with the “Less fortunate” comment. I might have misunderstood, but I find it hard to believe it’s a luck thing. One of the main attributes of self made wealthy individuals is the mindset that they are 100 Percent in control of their actions. It’s not the easiest thing in the world, but becoming wealthy is extremely doable.

[goateecusbilly]

When you show 5300$ savings, is that avg across the us or by individuals? Seems ridiculously high unless that includes 401k