The Financial Portfolio of the Average American, by Account Type

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.