If you've ever wondered whether you're doing "okay" financially, here's a quick litmus test: if you meet even one of these three money benchmarks, congratulations—you're doing better than about half of America. No millionaire status required. No six-figure salary. Just one solid checkmark in the "financially functional" column puts you above the median crowd.
Recent data paints a mixed picture of U.S. household finances. About 55% of Americans now have enough saved to cover three months of expenses—an improvement from last year's 50%, according to Federal Reserve data. It's not flashy, but in a country where many still live paycheck to paycheck, that safety cushion is gold.
