If you’re like 44 percent of the population, you hate looking at your bank account balances - checking or savings - for the anxiety they cause.
It’s totally understandable because more than a third of households have no money left from their paychecks at the end of the month, a recent survey from financial firm Self Financial found.
But the Federal Reserve’s newest Survey of Consumer Finances, which tracks financial data across the population every three years, sheds light on a question that most of us probably want an answer to - how much money does everyone have in their bank accounts?
The answer might be surprising - some demographics have as little as $900 across their checking and savings accounts, while other groups have more than $20,000.
Balances vary widely across households, ages and education levels, according to the Federal Reserve.
Households on the march
The median household balance in the United States across all households was $8,200 in 2025, according to the Federal Reserve. That’s second only to 2022, when the household median bank account balance was $8,760.
Over the past 27 years, balances have gone through two distinct dips - one during an economic slowdown between 1992 and 1995, and another during the Great Recession from 2007 to 2010, according to Fed data.
After 2010, bank account balances rose every three years through 2022 before dipping slightly in 2025.
Bank on getting older
Older consumers tend to have the highest bank account balances - those 75 and older had a median account total of $14,000 in 2025, federal data revealed.
Those aged between 55 and 74, which includes Gen X and baby boomers, had the same median balance - $10,000.
From 2022 to 2025, all but two age groups saw their bank account balances rise - 75 and older, and those aged between 55 and 64.
Degrees of wealth
Education is the single most influential factor in how much an individual has in their bank account, according to federal data.
The median bank account balance of those with a college degree was $21,500, or $16,000 more than the median balance of the next highest group - those with some college education but no degree.
Over the past 30 years, the median bank account balance of those with a college degree more than doubled from $9,740 in 1995 to $21,500 in 2025. Meanwhile, balances for those without a high school diploma saw their median balance drop from $2,540 in 1995 to $900 in 2025.
Trump's Federal Reserve holds interest rates steady despite inflation concerns
Gas prices under Trump eclipse highs of Biden era, federal data reveals
The cost of owning a house soars - and it’s got nothing to do with the home loan
$2 trillion wiped from tech stocks amid artificial intelligence spending fears
As you paid way more at the gas pump, Big Oil made $135B during the Iran War
