Sep 17, 2010 US household savings and debt, at a glance

US household savings and debt, at a glance
By The Associated Press (AP) – Sep 17, 2010

U.S. household wealth declined this spring for the first time since early 2009 as stock portfolios shrank. Americans' total net worth fell $1.5 trillion to $53.5 trillion in the April-June quarter, the Federal Reserve said Friday.

The Fed's report, known as the Flow of Funds, provides a broad picture of the average household's savings and debts:

$455,173: Average U.S. household net worth. It includes homes, stocks, retirement accounts and other assets.

Some of the major components are:

$145,641: Average home value.

$99,149: Average retirement account.

$92,090: Average investments in stocks and mutual funds.

$52,993: Average amount in savings and certificates of deposit.

The value of these investments are offset by debts:

$114,434: Average household debt, including mortgages, credit cards, and student loans.

$201,326: Average mortgage. (It exceeds average debt because not every household has a mortgage.)

$20,861: Average credit card, auto loan and other consumer debt.

Sources: Federal Reserve and Census Bureau.

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