Statistics About The Average Hsa Balance By Age

In this post, we examine the average HSA balances of account holders across different age groups over the years 2017 to 2020. From the statistics provided, we observe how the average balances vary with age, shedding light on the financial behaviors and trends in HSA savings among different age demographics.

Statistic 1

"The average HSA balance for account holders under the age of 25 in 2019 was $1,651."

Statistic 2

"The average HSA balance for account holders aged 25 to 34 in 2019 was $2,729."

Statistic 3

"Account holders aged 35 to 44 had an average HSA balance of $3,585 in 2019."

Statistic 4

"For account holders aged 45 to 54, the average HSA balance in 2019 was $4,239."

Statistic 5

"Average HSA balance for those aged 55 to 64 in 2019 was $5,134."

Statistic 6

"Account holders 65 and older had an average HSA balance of $6,619 in 2019."

Statistic 7

"The average HSA account balance at year-end 2018 was $2,803, up from $2,532 at the beginning of the year."

Statistic 8

"In 2018, those aged 25 to 34 had an average year-end HSA balance of $1,160."

Statistic 9

"The average HSA balance in 2018 for the 35-44 age group was $2,193."

Statistic 10

"In 2018, those aged 45 to 54 had an average HSA balance of $2,874."

Statistic 11

"In 2018, those aged 65 and above had an average HSA balance of $3,872."

Statistic 12

"In 2020, the average HSA balance was about $4,100, an increase from the previous year."

Statistic 13

"As of 2020, those under age 65 had an average HSA balance of $3,067."

Statistic 14

"In 2017, the average account balance of HSAs increased as the age of the account holder increased, from $638 for those under 25, to approximately $5,000 for those 65 and over."

Statistic 15

"As of August 2019, people age 65 or older have the highest average account balance at $4,319 while accounts owned by those under 25 have the lowest average balance at $656."

Statistic 16

"A study in 2018 showed that account owners age 55-64 had an average HSA balance of $3,618, higher than any other age group except 65 and older."

Statistic 17

"In 2017, the average account balance for HSA holders in the 25-34 age range increased from the previous year to $1,456."

The analysis of HSA balances by age groups from 2017 to 2020 reveals a generally increasing trend in average balances as age increases, with account holders aged 55 and older consistently having higher balances compared to younger age groups. There were notable fluctuations between certain age brackets across the years, highlighting potential variations in financial management and healthcare spending behaviors. The data also indicates an overall positive growth in average HSA balances over time, reflecting a growing awareness and utilization of HSAs as a valuable tool for healthcare savings.