In the U.S., Washington, D.C., residents spend the most on personal expenses each year, and Mississippians spend the least.

it means more people have less than the average than more. In this case, that $35,345 may be more indicative of how much Americans have saved in their 401(k)s than the $141,542 average.

The average net worth for people in their 20s is $113,084, and the median is $7,638, according to a 2024 analysis by Empower. The best way to build net worth is to spend wisely, pay off debt, and ...

Additionally, younger people tend to have lower credit scores ... according to Experian data from the third quarter of 2024. Average American credit card debt How to start paying off debt FAQs ...