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Median American Family Has Hardly Any Savings

The median American household has only $11,700 in savings compared to the $1.1 million in savings for the top 1%. So reports MarketWatch.

The bottom 20% of Americans by income have no savings. This finding comes from an analysis of data from the Federal Reserve and Federal Deposit Insurance Corp. by Magnify Money.

Read the full article from MarketWatch.

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