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Category: Personal Finance

Student Loan Debt: Stats by Age, Income, and Percentile

In the 2019 Survey of Consumer Finances, the average household reported $8,665.03 in education debt. The median household reported $0 in student loans. Only 21.4% of households reported carrying any student debt at all. But – the SCF doesn't give us a full snapshot of the data. While very useful for seeing the household distribution […]

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Mortgage Debt: Home Debt Stats by Income Bracket, Age, and Percentile

In 2019, the average American household held $75,968.96 in mortgage debt, home equity loans, and HELOCs with balances secured by their primary residence. The median household held $0 – although the homeownership rate is well over 60%. The average household also held $9,562.92 in debt secured by other residential property – think second and vacation […]

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Average American Credit Card Debt by Generation, Income, and Percentile

The average American household carried a $2,846.81 credit card balance in 2019. That debt was concentrated in only a few households, however – the median household carried no balance cycle to cycle, while the top 10% of households had $8,500 in credit card debt. 54.6% of households held no credit card debt balance from month to month. In this […]

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Capital Gains Tax Calculator: Value of Waiting on an Investment

Here you'll find a capital gains tax calculator, where you can model the cost to sell or hold on to an investment until you have favorable long-term capital gains. Enter your investment information and tax treatment, and the tool will show you the difference between short and long-term capital gains – numerically and visually. Capital Gains […]

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Average American Debt – Debt by Generation, Income, Type, and Aggregates

In 2019, the average American household carried $107,596.90 in debt. The median American household had $25,427.95 in debt, and the top 10% of households had $298,884.10 in debt. Not including real estate debt, the average and median American household carried $22,065.03 and $5,210.70 in debt, respectively. In this post, I'll break down American household debt averages and other statistics. We'll look […]

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American Retirement Savings by Age: Averages, Medians and Percentiles

Below are estimated United States retirement savings statistics by age for 2020, from surveys conducted between February 2019 and early 2020. You'll find the average retirement savings by age, along with median, and top 1% of savings. For a fuller accounting of net worth as opposed to only savings for retirement, see our net worth […]

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Average, Median, Top 1%, and all United States Retirement Savings Percentiles

On this page are estimated United States retirement savings. It contains the most recent data through 2021. Statistics are for households headed by adults aged 32-61 at the time of the survey (between February 2019 and early 2020). You'll see average retirement savings, median retirement savings, top 1% retirement savings, and a retirement savings percentile […]

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Roth IRA Conversion Calculator – Should You Convert?

On this page is a Roth IRA Conversion Calculator. Enter your current and future tax rate and return assumptions – we'll do the math to help you decide whether to convert a Traditional IRA to a Roth IRA. Roth IRA Conversion Calculator To use the tool, you'll need to enter some information about your traditional […]

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Planning a Cashback Strategy

Today, in this low-interest environment, it's ever more critical to find ways to make your money work for you. It's a sign of the times: some of the traditional and historically safest ways to stash your cash are not as attractive as they have been in the past. Luckily, there are other ways to make your money […]

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If You Always Maxed Out Your 401(k) How Much Money Would You Have?

The 401(k) is one of the best accounts to save a significant amount for retirement in the United States. 401(k) contribution limits are generous, and allow you to shield a healthy amount of income from taxes. However, the majority of people don't contribute the maximum to their 401(k) – which leads us to ask: what […]

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