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The vast majority of Americans are experiencing some level of financial stress or uncertainty these days. That’s according to a recent Gallup survey (1), which found that while financial fulfillment is possible, most Americans are still struggling to get there.
But between stubborn inflation, war overseas and never-ending talk of a recession, it’s not surprising so many Americans just feel financially unstable.
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Against that backdrop, the people who are genuinely doing well tend to be the last to recognize it. If you’re not sure how you’re faring compared to the average American, it’s time to take a closer look at your life.
If any of the five markers below describe you, there’s a good chance you’re outperforming the average American by a wider margin than you think.
1. You live with low or no debt
About 77% of Americans carry some form of debt, according to Federal Reserve data (2). The bulk of that — roughly 70% of outstanding consumer debt balances — is mortgage debt, which most financial professionals consider “good debt” because it builds equity over time.
Still, if you’ve avoided consumer debt entirely — and especially if you’ve paid off your mortgage — you’re in a rare financial position.
Without the burden of interest payments, you likely have more flexibility to save, invest, and grow your wealth, putting you well ahead of the average American.
2. You have six figures in your 401(k)
If you have any retirement savings at all, you’re already ahead of the pack. About six in 10 Americans report having a retirement savings plan of any kind, according to Gallup’s 2025 survey (3) — which means roughly 40% have nothing set aside at all.
Even among savers, balances tend to be modest. Fidelity’s Q2 2026 data (4) shows that millennials carry an average 401(k) balance of $82,600, while Gen X averages $215,600 and baby boomers average $260,300.
Over half of American households report having no dedicated retirement savings at all, according to the Federal Reserve’s Survey of Consumer Finances. So if you’re under 40 with more than $100,000 already saved, you’re notably ahead of your peers. And if you’re nearing retirement with well more than those generational averages, your finances are genuinely above the norm.
3. You save more than $10,000 a year — and have a cushion to show for it
With rising living costs and wages that haven’t always kept pace, saving has become a challenge for many Americans. The U.S. personal savings rate — the share of disposable income households set aside — stood at 2.5% as of May, according to Bureau of Economic Analysis data (5) tracked by the Federal Reserve. That’s well below the pre-pandemic norm of 6% to 8%.
The emergency fund picture is just as stark. Only 55% of adults say they’ve set aside enough to cover three months of expenses in a rainy day fund, according to the Federal Reserve’s 2024 Report on the Economic Well-Being of U.S. Households (6) — meaning nearly half the country is one layoff or unexpected bill away from real financial strain.
If you’re saving more than $10,000 annually, putting away a double-digit percentage of your income, and sitting on three to six months worth of expenses in an emergency fund, you’re well ahead of the curve. A strong savings rate not only sets you apart but also accelerates your path to financial goals.
4. You’ve hired a financial professional
A significant 76% of Americans with a financial advisor describe their finances as “strong,” found Northwestern Mutual in its 2025 Planning and Progress Study (7). The report goes on to point out that percentage is significantly more than the 44% of Americans without an advisor who reported sharing the same sentiment.
It’s worth being clear about what that gap tells us: people with more assets have more reason to seek professional help, and the correlation runs in both directions.
But working with an advisor — regardless of where you start — can sharpen how you manage your money, help you avoid costly mistakes, and keep you accountable to your long-term goals.
The habit of seeking professional guidance is one the financially successful share, and it’s one most average Americans haven’t adopted — yet.
5. Your net worth beats your age group’s median
Net worth — everything you own minus everything you owe — is the single most comprehensive measure of financial health. It captures your home equity, retirement accounts, savings, and investments, minus your mortgage, debt, and other liabilities. And most Americans have never looked up where they stand.
According to the Federal Reserve’s 2022 Survey of Consumer Finances, the most recent data available, median net worth by age breaks down as follows: under 35, about $39,000; ages 35–44, about $135,000; ages 45–54, about $247,000; ages 55–64, about $364,000; and ages 65–74, about $410,000. A new survey is currently being conducted and results are expected in late 2026, but these figures remain the authoritative benchmark.
The current average of U.S. household net worth sits at $1.06 million — but that number is easy to misconstrue due to how much wealth is concentrated at the top. Keep in mind that the top 10% of households account for about 67.2% of total household wealth, according to the Federal Reserve Bank of St. Louis (8).
Meanwhile, the overall median for household net worth is $192,200, which gives you a much better picture of where the middle of the country actually stands.
If your net worth meaningfully exceeds the median for your age group, you’re not just doing fine — you’re doing better than most Americans at your stage of life.
Nearly 70% of Americans say (9) financial uncertainty has made them feel depressed or anxious, and the numbers above explain why. These five benchmarks aren’t aspirational targets — they’re descriptions of what sets financially healthy households apart from the norm. If you check more than two or three of these boxes, you’re probably in better shape than you realize.
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Article Sources
We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines.
Edward Jones (1); Federal Reserve Bank of New York (2); Gallup (3); Fidelity Investments (4); Federal Reserve Bank of St. Louis (5), (8); Federal Reserve (6); Northwestern Mutual (7); PR Newswire (9)
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
