A review of savings account balances shows most Americans don't have enough saved to get by for a few months without income, according to Bankrate and Federal Reserve reports. But one group is doing just fine: Boomers. How do you compare?
The median balance held by most Americans across all accounts is $8,000, including savings, checking, money market accounts and prepaid debit cards. And for most people, this is not enough to cover all their bills for several months in case they lost their jobs.
