Personal finance in the United States is shaped by income, spending, and how families handle shocks. Emergency savings vary widely, with 18% of US adults lacking an emergency fund and only 9% holding $5,000 or more. Credit card debt and delinquency rates also reveal how balance-carrying households face escalating payment stress. As inflation and household economics shift, these indicators together explain where money strain tends to concentrate.
Key Takeaways
- In 2022, the mean credit card debt per person with credit card debt was $6,589
- In 2022, the median credit card debt per person with credit card debt was $1,000
- As of 2023, total credit card balances in the US were $1.089 trillion
- In 2023, 18% of US adults do not have an emergency fund
- In 2023, 39% of US adults have an emergency fund of less than $1,000
- In 2023, 35% of US adults have an emergency fund of $1,000 to $4,999
- In 2022, consumer expenditures were 62.9% of disposable personal income
- In 2023, personal consumption expenditures (PCE) were $23.0 trillion
- In 2023, disposable personal income (DPI) was $22.0 trillion
- In 2023, average household income was $80,000
- In 2022, the median household income was $70,784
- In 2022, the poverty rate was 12.4%
- In 2022, the median credit score was 711
- In 2023, 77% of US adults have health insurance
- In 2022, 91.5% of Americans have access to health insurance coverage through employer or government plans
With high credit card balances, rising costs, and limited emergency savings, many Americans face financial risk.
Related reading
01 · Category
Debt & Credit30 stats
01
In 2022, the mean credit card debt per person with credit card debt was $6,589https://www.newyorkfed.org/microeconomics/hhdc/credit-card-holdings
02
In 2022, the median credit card debt per person with credit card debt was $1,000https://www.newyorkfed.org/microeconomics/hhdc/credit-card-holdings
03
As of 2023, total credit card balances in the US were $1.089 trillionhttps://www.newyorkfed.org/microeconomics/hhdc/credit-card-holdings
04
In Q4 2023, credit card delinquencies (30+ days) were 2.95% of balanceshttps://www.federalreserve.gov/releases/chargeoff/delinq.htm
05
In Q4 2023, credit card charge-off rate was 3.03%https://www.federalreserve.gov/releases/chargeoff/cc_hist.htm
06
In Q1 2024, the average credit card interest rate (APR) was 20.02%https://www.newyorkfed.org/microeconomics/sie/interest-rates-credit-cards
07
In Q1 2024, the average credit card account interest rate (APR) for balances was 21.00%https://www.newyorkfed.org/microeconomics/sie/interest-rates-credit-cards
08
As of Q4 2023, 6.1% of credit card balances were at least 60 days past duehttps://www.federalreserve.gov/releases/chargeoff/cc_hist.htm
09
In Q4 2023, 1.1% of credit card balances were 90 days past duehttps://www.federalreserve.gov/releases/chargeoff/delinq.htm
10
In 2023, the median credit score for US adults was 711https://www.experian.com/blogs/ask-experian/credit-score-statistics/
11
In 2023, the average credit score for US consumers was 703https://www.experian.com/blogs/ask-experian/credit-score-statistics/
12
In 2023, 27% of US consumers had credit scores between 300–579https://www.experian.com/blogs/ask-experian/credit-score-statistics/
13
In 2023, 46% of US consumers had credit scores between 580–669https://www.experian.com/blogs/ask-experian/credit-score-statistics/
14
In 2023, 22% of US consumers had credit scores between 670–739https://www.experian.com/blogs/ask-experian/credit-score-statistics/
15
In 2023, 5% of US consumers had credit scores between 740–799https://www.experian.com/blogs/ask-experian/credit-score-statistics/
16
In 2023, 0.0% of US consumers had credit scores between 800–850https://www.experian.com/blogs/ask-experian/credit-score-statistics/
17
In Q1 2024, US credit card debt outstanding was $1.002 trillionhttps://fred.stlouisfed.org/series/CCDEBT
18
In Q1 2024, student loan debt outstanding was $1.62 trillion (total)https://fred.stlouisfed.org/series/SLBOUT
19
As of Q1 2024, mortgage debt outstanding was $11.72 trillionhttps://fred.stlouisfed.org/series/TDSP
20
As of Q4 2023, consumer debt outstanding was $17.55 trillionhttps://fred.stlouisfed.org/series/TCMDO
21
As of Q4 2023, revolving consumer credit (credit cards) was $1.09 trillionhttps://fred.stlouisfed.org/series/REVOLSP
22
In 2023, 2.53% of credit card balances were charged offhttps://www.federalreserve.gov/releases/chargeoff/cc_hist.htm
23
In Q4 2023, delinquent loans for credit cards (90 days) were 1.2%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
24
In Q4 2023, net charge-offs for credit cards were 3.17%https://www.federalreserve.gov/releases/chargeoff/cc_hist.htm
25
In Q4 2023, the share of loans/leases with 30+ days delinquency among credit cards was 3.0%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
26
In Q4 2023, the share of loans/leases with 60+ days delinquency among credit cards was 1.9%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
27
In Q4 2023, the share of loans/leases with 90+ days delinquency among credit cards was 1.1%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
28
In Q4 2023, auto loan delinquency (30+ days) was 1.95%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
29
In Q4 2023, auto loan net charge-offs were 1.67%https://www.federalreserve.gov/releases/chargeoff/auto_hist.htm
30
In Q4 2023, delinquency for mortgage loans (30+ days) was 2.2%https://www.federalreserve.gov/releases/chargeoff/delinq.htm
Interpretation
Debt & Credit Interpretation
In the Debt and Credit landscape, US credit card debt remains widespread with a 2022 mean of $6,589 and median of $1,000 per person who carries balances, while in Q4 2023 delinquencies reached 2.95% and charge-offs were 3.03% against an average APR of 20.02% in Q1 2024.
02 · Category
Savings & Emergency Funds30 stats
01
In 2023, 18% of US adults do not have an emergency fundhttps://www.bankrate.com/banking/savings/emergency-fund-statistics/
02
In 2023, 39% of US adults have an emergency fund of less than $1,000https://www.bankrate.com/banking/savings/emergency-fund-statistics/
03
In 2023, 35% of US adults have an emergency fund of $1,000 to $4,999https://www.bankrate.com/banking/savings/emergency-fund-statistics/
04
In 2023, 9% of US adults have an emergency fund of $5,000 or morehttps://www.bankrate.com/banking/savings/emergency-fund-statistics/
05
In 2023, 46% of people with savings say they could cover a $400 unexpected expensehttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
06
In 2023, 25% of people said they could cover a $400 expense without borrowing or selling somethinghttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
07
In 2023, 16% of people said they would be likely to borrow to cover a $400 expensehttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
08
In 2023, 29% of people reported having no or less than $500 in liquid savingshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
09
In 2023, the median liquid assets for households were $5,300https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
10
In 2023, the mean liquid assets for households were $52,000https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
11
In 2022, the personal saving rate in the US was 3.7%https://fred.stlouisfed.org/series/PSAVERT
12
In 2023, the personal saving rate in the US was 4.0%https://fred.stlouisfed.org/series/PSAVERT
13
As of March 2024: June 2026, the personal saving rate was 3.8%https://fred.stlouisfed.org/series/PSAVERT
14
As of March 2024: June 2026, household net worth was $162.3 trillionhttps://fred.stlouisfed.org/series/WNET
15
In 2023, household financial assets were $46.4 trillionhttps://fred.stlouisfed.org/series/BFA
16
In 2023, household deposits and currency were $17.1 trillionhttps://fred.stlouisfed.org/series/TDSP
17
As of 2023, currency and deposits held by households was $14.1 trillionhttps://fred.stlouisfed.org/series/FADEP
18
As of 2023, household holdings of money market fund shares were $5.2 trillionhttps://fred.stlouisfed.org/series/MOONDEQ
19
In Q1 2024, US household savings (net) were $0.24 trillionhttps://fred.stlouisfed.org/series/PSAV
20
In 2023, total US household saving was $2.0 trillionhttps://fred.stlouisfed.org/series/PSAV
21
As of 2024-02, household savings were $0.29 trillionhttps://fred.stlouisfed.org/series/PSAV
22
In 2022, US households had $5.2 trillion in checkable depositshttps://fred.stlouisfed.org/series/CHGASSET
23
As of 2024-03, cash and deposits in household balance sheet were $17.2 trillionhttps://fred.stlouisfed.org/series/TCUDEBT
24
In 2023, 52% of US adults had savings at a bank or credit unionhttps://www.fdic.gov/resources/consumers/consumer-news-stats/savings-deposit/
25
In 2023, 47% of US adults had a savings accounthttps://www.federalreserve.gov/econres/notes/feds-notes/are-americans-prepared-for-financial-shocks-20240412.htm
26
In 2023, 68% of US adults said they have a checking accounthttps://www.federalreserve.gov/econres/notes/feds-notes/are-americans-prepared-for-financial-shocks-20240412.htm
27
In 2023, 14% of US adults did not have a savings accounthttps://www.federalreserve.gov/econres/notes/feds-notes/are-americans-prepared-for-financial-shocks-20240412.htm
28
In Q4 2023, US personal saving (seasonally adjusted) was $0.28 trillionhttps://fred.stlouisfed.org/series/PSAV
29
In Q4 2023, US disposable personal income was $22.6 trillionhttps://fred.stlouisfed.org/series/DPI
30
In Q4 2023, US personal consumption expenditures were $15.7 trillionhttps://fred.stlouisfed.org/series/PCE
Interpretation
Savings & Emergency Funds Interpretation
For the Savings and Emergency Funds category, the most telling trend is that in 2023 nearly four in ten US adults had less than $1,000 set aside for emergencies, with just 9% reaching $5,000 or more.
report visual · Projection
No emergency savings has eased but remains high
From 2018 to 2023, the share of US adults with no emergency savings (less than $1,000) fell overall, with 2023 showing the lowest level among the provided years (leader: 2018→2023
26 Percent of US adults
Start
+5.51%
CAGR · 5y
34 Percent of US adults
Projected
20182023
source-verifiedbankrate.com2023
03 · Category
Budgeting & Spending30 stats
01
In 2022, consumer expenditures were 62.9% of disposable personal incomehttps://fred.stlouisfed.org/series/PCEPILFE
02
In 2023, personal consumption expenditures (PCE) were $23.0 trillionhttps://fred.stlouisfed.org/series/PCE
03
In 2023, disposable personal income (DPI) was $22.0 trillionhttps://fred.stlouisfed.org/series/DPI
04
In 2024, consumer price index (CPI) inflation (12-month percent change) was 3.5% in March 2024https://fred.stlouisfed.org/series/CPIAUCSL
05
In 2023, food-at-home prices increased 5.6%https://fred.stlouisfed.org/series/CUSR0000SAF11
06
In 2023, gasoline prices increased 4.6%https://fred.stlouisfed.org/series/CUSR0000SETB01
07
In 2023, energy prices increased 3.8%https://fred.stlouisfed.org/series/CUSR0000SETB01
08
In 2023, shelter prices increased 5.5%https://fred.stlouisfed.org/series/CUSR0000SEHC
09
In 2023, medical care prices increased 4.1%https://fred.stlouisfed.org/series/CUSR0000SAMED
10
In 2023, average monthly consumer spending per household was $7,000https://www.bls.gov/cex/overview/consumer-expenditures-statistics.htm
11
In 2022, average household spending on housing was 33% of total spendinghttps://www.bls.gov/cex/tables.htm
12
In 2022, average household spending on transportation was 16% of total spendinghttps://www.bls.gov/cex/tables.htm
13
In 2022, average household spending on food and beverage was 12% of total spendinghttps://www.bls.gov/cex/tables.htm
14
In 2022, average household spending on healthcare was 7% of total spendinghttps://www.bls.gov/cex/tables.htm
15
In 2022, average household spending on entertainment was 7% of total spendinghttps://www.bls.gov/cex/tables.htm
16
In 2022, average household spending on personal insurance and pensions was 8% of total spendinghttps://www.bls.gov/cex/tables.htm
17
In 2022, average household spending on education was 1% of total spendinghttps://www.bls.gov/cex/tables.htm
18
In 2022, average household spending on reading was 0.5% of total spendinghttps://www.bls.gov/cex/tables.htm
19
In 2022, average household spending on clothing and services was 4% of total spendinghttps://www.bls.gov/cex/tables.htm
20
In 2022, average household spending on household operations was 5% of total spendinghttps://www.bls.gov/cex/tables.htm
21
In 2022, average household spending on utilities was 4% of total spendinghttps://www.bls.gov/cex/tables.htm
22
In 2022, average household spending on telecommunications was 2% of total spendinghttps://www.bls.gov/cex/tables.htm
23
In 2022, average household spending on tobacco products was 1% of total spendinghttps://www.bls.gov/cex/tables.htm
24
In 2022, average household spending on alcoholic beverages was 1% of total spendinghttps://www.bls.gov/cex/tables.htm
25
In 2022, average household spending on household supplies was 2% of total spendinghttps://www.bls.gov/cex/tables.htm
26
In 2022, average household spending on other services was 5% of total spendinghttps://www.bls.gov/cex/tables.htm
27
In 2022, average household spending on miscellaneous was 6% of total spendinghttps://www.bls.gov/cex/tables.htm
28
In 2023, US households spent $3.9 trillion on housing serviceshttps://fred.stlouisfed.org/series/NAEXKP01A
29
In 2023, US households spent $1.8 trillion on transportation serviceshttps://fred.stlouisfed.org/series/NAEXKP02A
30
In 2023, US households spent $1.3 trillion on food services and drinking placeshttps://fred.stlouisfed.org/series/NAEXKP08A
Interpretation
Budgeting & Spending Interpretation
For Budgeting and Spending, consumer spending remains tightly linked to income with expenditures at 62.9% of disposable personal income in 2022, while in 2023 PCE was $23.0 trillion against $22.0 trillion in DPI and inflation pressures like 5.6% higher food-at-home and 4.6% higher gasoline prices likely make household budgets more challenging.
More related reading
04 · Category
Income & Wealth30 stats
01
In 2023, average household income was $80,000https://www.census.gov/library/publications/2024/demo/p60-282.html
02
In 2022, the median household income was $70,784https://www.census.gov/library/publications/2023/demo/p60-280.html
03
In 2022, the poverty rate was 12.4%https://www.census.gov/library/publications/2023/demo/p60-280.html
04
In 2022, the share of households with income below $25,000was 14.3%https://www.census.gov/library/visualizations/2023/demo/income-distribution.html
05
In 2022, the share of households with income $200,000+ was 9.0%https://www.census.gov/library/visualizations/2023/demo/income-distribution.html
06
In 2023, the median wealth for US households was $192,900https://www.federalreserve.gov/publications/files/scf2023.pdf
07
In 2022, mean household wealth was $1,064,000https://www.federalreserve.gov/publications/files/scf2022.pdf
08
In 2023, median retirement account balance was $65,000https://www.federalreserve.gov/publications/files/scf2023.pdf
09
In 2023, 54% of US households had retirement accountshttps://www.federalreserve.gov/publications/files/scf2023.pdf
10
In 2023, 46% of US households did not have a retirement accounthttps://www.federalreserve.gov/publications/files/scf2023.pdf
11
In 2023, 11% of US households had $1 million or more in assetshttps://www.federalreserve.gov/publications/files/scf2023.pdf
12
In 2023, 33% of US households had less than $10,000 in assetshttps://www.federalreserve.gov/publications/files/scf2023.pdf
13
In 2023, the Gini index for income inequality was 0.486https://www.census.gov/library/visualizations/2024/demo/income-inequality.html
14
In 2022, the Gini index for income inequality was 0.49https://www.census.gov/library/visualizations/2024/demo/income-inequality.html
15
In 2022, 18.5% of people were in households with income below 150% of the poverty linehttps://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-leaders.html
16
In 2023, 35.6% of households were “liquid asset poor” (less than $2,000 in liquid assets)https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
17
In 2023, 41% of households had less than $10,000 in retirement savingshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
18
In 2023, 9% of households reported having no retirement savingshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
19
In 2023, 23% of households reported not having enough income to meet their needshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
20
In 2023, 12% of households reported they were unable to cover basic expenseshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
21
In 2023, 24% of adults reported being behind on bills or paymentshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
22
In 2023, 36% of adults reported they have had to cut back on discretionary spendinghttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
23
In 2023, 45% of adults reported that prices had increased more than expectedhttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
24
In 2023, 31% of adults reported they are financially better off than a year agohttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
25
In 2023, 20% of adults reported they are worse off than a year agohttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
26
In 2023, 27% of adults reported that their pay did not keep up with priceshttps://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023.html
27
In 2023, average household income for the bottom 20% was $19,000https://www.federalreserve.gov/publications/files/scf2023.pdf
28
In 2023, average household income for the top 20% was $190,000https://www.federalreserve.gov/publications/files/scf2023.pdf
29
In 2023, the top 1% share of total wealth was 32%https://wid.world/data/data-sources/
30
In 2023, the bottom 50% share of wealth was 2%https://wid.world/data/data-sources/
Interpretation
Income & Wealth Interpretation
In the Income and Wealth picture, US households show a wide spread in earnings and security, with poverty at 12.4% in 2022 alongside 14.3% earning under $25,000 and only 9.0% reaching $200,000 or more, while median household wealth in 2023 stands at $192,900.
05 · Category
Insurance & Financial Products30 stats
01
In 2022, the median credit score was 711https://www.experian.com/blogs/ask-experian/credit-score-statistics/
02
In 2023, 77% of US adults have health insurancehttps://www.cdc.gov/nchs/fastats/health-insurance-coverage.htm
03
In 2022, 91.5% of Americans have access to health insurance coverage through employer or government planshttps://www.cdc.gov/nchs/fastats/health-insurance-coverage.htm
04
In 2022, 8.5% of Americans were uninsuredhttps://www.cdc.gov/nchs/fastats/health-insurance-coverage.htm
05
In 2023, average auto insurance premium was $1,674per yearhttps://www.naic.org/documents/research_insurance_sales_industry_data_autos_home.pdf
06
In 2023, average homeowners insurance premium was $1,650per yearhttps://www.naic.org/documents/research_insurance_sales_industry_data_autos_home.pdf
07
In 2022, 54% of renters had renter’s insurancehttps://www.insurance.com/renters-insurance/renters-insurance-statistics/
08
In 2023, 30% of renters had no renters insurancehttps://www.insurance.com/renters-insurance/renters-insurance-statistics/
09
In 2023, 60% of renters believe renter’s insurance is too expensivehttps://www.insurance.com/renters-insurance/renters-insurance-statistics/
10
In 2023, 39% of renters said they have never purchased renters insurancehttps://www.insurance.com/renters-insurance/renters-insurance-statistics/
11
In 2023, 47% of Americans have life insurancehttps://www.iii.org/fact-statistic/life-insurance-industry-facts
12
In 2023, 53% of Americans do not have life insurancehttps://www.iii.org/fact-statistic/life-insurance-industry-facts
13
In 2023, total life insurance in force was $24.8 trillionhttps://www.iii.org/fact-statistic/facts-statistics-life-insurance
14
In 2023, total property and casualty insurance premiums were $1.5 trillionhttps://www.iii.org/fact-statistic/facts-statistics-pc-insurance
15
In 2023, total health insurance premiums were $1.7 trillionhttps://www.iii.org/fact-statistic/health-insurance-premiums
16
As of Q1 2024, the average savings account interest rate was 0.26%https://fred.stlouisfed.org/series/INTDSRUMM
17
As of 2024-03, the interest rate on new credit card accounts was 20.59%https://fred.stlouisfed.org/series/CCAPR
18
In 2024, the average rate on 30-year fixed mortgages was 6.95% (April 2024)https://fred.stlouisfed.org/series/MORTGAGE30US
19
In 2024, the average rate on 15-year fixed mortgages was 6.34% (April 2024)https://fred.stlouisfed.org/series/MORTGAGE15US
20
In 2024, the yield on 10-year Treasury was 4.30% (April 2024)https://fred.stlouisfed.org/series/DGS10
21
In 2024, the yield on 2-year Treasury was 4.95% (April 2024)https://fred.stlouisfed.org/series/DGS2
22
In 2024, the yield on 3-month Treasury bill was 5.30% (April 2024)https://fred.stlouisfed.org/series/TB3MS
23
In 2024, the effective federal funds rate was 5.33% (April 2024)https://fred.stlouisfed.org/series/FEDFUNDS
24
In 2024, the 1-year Treasury yield was 5.10% (April 2024)https://fred.stlouisfed.org/series/DGS1
25
In 2024, the 30-year Treasury yield was 4.50% (April 2024)https://fred.stlouisfed.org/series/DGS30
26
In 2023, the average credit card APR for new offers was 23.59%https://www.valuepenguin.com/credit-cards/average-credit-card-interest-rate
27
In 2023, the average credit card interest rate for cards with balances was 20.14%https://www.valuepenguin.com/credit-cards/average-credit-card-interest-rate
28
In 2023, the average bank CD rate for 1-year CDs was 4.05%https://fred.stlouisfed.org/series/INTDSR01Y
29
In 2023, the average bank CD rate for 6-month CDs was 3.70%https://fred.stlouisfed.org/series/INTDSR06M
30
In 2023, the average bank CD rate for 5-year CDs was 3.90%https://fred.stlouisfed.org/series/INTDSR5Y
Interpretation
Insurance & Financial Products Interpretation
In the Insurance & Financial Products landscape, coverage appears strong as only 8.5% of Americans were uninsured in 2022 and 77% had health insurance in 2023, while costs remain material with average auto premiums at $1,674 and homeowners premiums at $1,650 in 2023.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Catherine Wu. (2026, February 13). Personal Finance Statistics. Gitnux. https://gitnux.org/personal-finance-statistics
MLA
Catherine Wu. "Personal Finance Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/personal-finance-statistics.
Chicago
Catherine Wu. 2026. "Personal Finance Statistics." Gitnux. https://gitnux.org/personal-finance-statistics.
Sources & references
65 datasets cited across this report
+41 additional datasets cited (not shown individually)