See how we rate banking products to write unbiased product reviews. The average American family has a $1.063 million net worth, according to Federal Reserve data. But the median net worth is $192,900.

The Northwestern Mutual study found Millennials have saved $62,600 on average for their retirement, giving them a deficit of $1.59 million. Gen Y study respondents actually had a slightly higher ...

Making a plan and sticking to it is necessary to achieve a comfortable retirement. The average American thinks you need at least $1.46 million to retire comfortably, according to a recent survey ...

(Petros Giannakouris/AP) The United States is immensely prosperous. The spending power of the typical American is eight times the global average, over five times that of the income of the median ...