What We're Showing
This chart shows the percentage of an American's money that is typically held within each type of account. Figures are from Morningstar.
Key Takeaways
- People have the most money in employer retirement plans, such as a 401(k).
- Bank accounts, which include checking, savings, and certificates of deposit (CDs), hold the second-largest percentage of people's money.
- Outside of these two types of accounts, the average American keeps nearly 40% of their money in accounts that advisors typically help manage.
