People clearly do not have a lot of savings - this is just transactional account data, not retirement accounts. The average American is not paying up front to add solar to their house, or buying $96k Tesla's. Those that are doing that are taking on debt to make it happen.
Average savings by age (per 2019 Federal Reserve Survey of Consumer Finances) - the article I pulled this from -
https://www.firstrepublic.com/articl...ricans-savings
Younger than 35
Median - $3,240 Mean - $11,250
35 to 44
Median - $4,710 Mean - $27,910
45 to 54
Median - $5,620 Mean - $48,200
55 to 64
Median - $6,400 Mean - $55,320
65 to 74
Median - $8,000 Mean - $57,670
75 and older
Median - $9,300 Mean - $60,410