Americans should save more, according to a new study.
The study, released Thursday by the Economic Policy Institute (EPI), found that Americans should expect to save about $5,200 a year, an average of $4,100 higher than the previous year.
The median wage for Americans is $54,600 a year.
The median wage is $4.8 million higher than last year, and the average salary is $57,500.
More: The Economic Policy Index is based on the latest available data and is updated monthly.
The CPI is based upon the average hourly earnings of all Americans and excludes certain exemptions and credits.