{"version":"2026-average-balance-by-income","name":"SwitchWize Average Balance by Income Index","citeAs":"SwitchWize, \"Average Bank Account Balance by Income Bracket.\" Retrieved August 2026.","sourcePage":"https://www.switchwize.com/research/average-balance-by-income","updatedMonthYear":"August 2026","updatedISODate":"2026-08-26","headline":{"overallWeightedMedianLiqUsd":7850,"fedPublishedOverallMedianLiqUsd2022":8000,"topAvailableApyPct":4.1000000000000005,"nationalAverageApyPct":0.38},"byIncomeBracket":[{"bracket":"less_than_20","label":"Bottom 20%","incomeRangeUsd":{"min":0,"max":31346.44},"weightedPopulationSharePct":20,"medianLiqUsd":800,"medianIncomeUsd":20537,"annualGapUsd":30},{"bracket":"20_to_39.9","label":"20th-40th percentile","incomeRangeUsd":{"min":31346.44,"max":54045.59},"weightedPopulationSharePct":19.98,"medianLiqUsd":2450,"medianIncomeUsd":43236,"annualGapUsd":91},{"bracket":"40_to_59.9","label":"40th-60th percentile (middle)","incomeRangeUsd":{"min":54045.59,"max":90796.59},"weightedPopulationSharePct":20.02,"medianLiqUsd":7200,"medianIncomeUsd":70259,"annualGapUsd":268},{"bracket":"60_to_79.9","label":"60th-80th percentile","incomeRangeUsd":{"min":90796.59,"max":151327.66},"weightedPopulationSharePct":20,"medianLiqUsd":15700,"medianIncomeUsd":115658,"annualGapUsd":584},{"bracket":"80_to_89.9","label":"80th-90th percentile","incomeRangeUsd":{"min":151327.66,"max":248609.72},"weightedPopulationSharePct":10,"medianLiqUsd":33800,"medianIncomeUsd":189160,"annualGapUsd":1257},{"bracket":"90_to_100","label":"Top 10%","incomeRangeUsd":{"min":248609.72,"max":458230949.4},"weightedPopulationSharePct":10,"medianLiqUsd":111600,"medianIncomeUsd":390209,"annualGapUsd":4152}],"byAgeBracket":[{"bracket":"under_35","label":"Under 35","ageRange":{"min":18,"max":34},"weightedPopulationSharePct":20.03,"medianLiqUsd":5300,"medianIncomeUsd":60531,"annualGapUsd":197},{"bracket":"35_to_44","label":"35 to 44","ageRange":{"min":35,"max":44},"weightedPopulationSharePct":16.97,"medianLiqUsd":7090,"medianIncomeUsd":86473,"annualGapUsd":264},{"bracket":"45_to_54","label":"45 to 54","ageRange":{"min":45,"max":54},"weightedPopulationSharePct":16.41,"medianLiqUsd":8520,"medianIncomeUsd":91878,"annualGapUsd":317},{"bracket":"55_to_64","label":"55 to 64","ageRange":{"min":55,"max":64},"weightedPopulationSharePct":18.45,"medianLiqUsd":7200,"medianIncomeUsd":82149,"annualGapUsd":268},{"bracket":"65_to_74","label":"65 to 74","ageRange":{"min":65,"max":74},"weightedPopulationSharePct":16.12,"medianLiqUsd":13000,"medianIncomeUsd":60531,"annualGapUsd":484},{"bracket":"75_plus","label":"75 and older","ageRange":{"min":75,"max":95},"weightedPopulationSharePct":12.02,"medianLiqUsd":10000,"medianIncomeUsd":49073,"annualGapUsd":372}],"sources":[{"label":"Federal Reserve, 2022 Survey of Consumer Finances, Summary Extract Public Data (rscfp2022.dta)","url":"https://www.federalreserve.gov/econres/files/scfp2022s.zip","detail":"SwitchWize Research -- weighted-median computation over the Fed's own public microdata and analysis weights (WGT/5 across 5 multiple-imputation implicates); not transcribed from the Bulletin PDF"},{"label":"SwitchWize Bank Gap Index","url":"https://www.switchwize.com/bank-gap-index","detail":"Live spread between the best widely-available savings APY (4.1000000000000005%) and the FDIC national average (0.38%), as of August 2026."}],"methodology":{"summary":"Balances are the median liquid-account holding (checking + savings + money market + call accounts) for each of the Fed's own six income-percentile brackets, computed directly from the 2022 Survey of Consumer Finances public microdata and analysis weights -- not transcribed from the Bulletin's headline figure. The annual dollar gap applies SwitchWize's live rate spread (today's best widely-available savings APY versus the FDIC national average) to each bracket's real median balance, the same live inputs the Bank Gap Index uses on a flat illustrative balance.","caveat":"The Fed's Survey of Consumer Finances runs every three years; this uses the 2022 wave, the most recent available (the 2025 wave is expected in late 2026). The rate-gap layer updates live and can move independently of the survey data. Median liquid balance is not the same as a single savings-account balance -- it combines checking, savings, money market, and call accounts."}}