In 2022, Americans reported saving an average of $5,011, with millennials reporting the greatest overall savings of $6,043.
In fact, 54% of adults met or exceeded their 2022 savings goals, a recent Wealth Watch survey conducted by New York Life found.
Gen Z adults saved $5,833.17 overall in 2022.
Generation XIn 2022, Gen Xers (ages 43 to 58) reported the lowest overall savings of $3,998.11.
Yet they also report the lowest average savings goal of $4,942.46 for 2023.