[MandoMan]

Originally Posted by dewilson58

Percentile of Income Average Usual Annual Income
90% $245,400
80% $153,100
60% $91,900
50% $73,400
40% $59,500
20% $34,600
For 2022, those in the 90th percentile made about $245,400 on average.

Percentile of Income Average Bank Account Balance
90% to 100% $111,600
80% to 89% $33,800
60% to 79% $15,760
40% to 59% $7,400
20% to 39% $2,550
Less than 20% $900

Source: Federal Reserve Survey of Consumer Finances.

I’m not sure what you are trying to show us. I have essentially nothing in a bank savings account. Money comes into my checking account and out again as I pay my bills. But I have a lot in low-load indexed mutual funds. Are you trying to show us that people aren’t saving enough, or that the people with the highest income save the most? The two groups may not be the same. For years, savings accounts were paying, say, 0.5% interest when the inflation rate was 2%. That is not a sound way to make your money grow.