32% of Americans Not Saving Any Money
Survey finds fewer Americans saving now than in 2010
By Evann Gastaldo, Newser Staff
Posted Feb 26, 2014 8:24 AM CST
   (Shutterstock)

(Newser) – A new survey finds that nearly one-third of all US households aren't putting away any money for a rainy day. The American Savings Education Council survey finds that just 68% of Americans spend less than they make and save the rest, up from 65% last year but down from 73% in 2010. And Commerce Department data backs that up, the Wall Street Journal reports: In December, the personal saving rate was 3.9%, down from 5.8% in 2010. The ASEC survey found that households earning more than $50,000 were more likely to save, more likely to reduce their debt, and more likely to have a "sufficient" emergency fund than those making less than $50,000.

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Showing 3 of 48 comments
Lou Bernardo
Mar 1, 2014 8:06 PM CST
How can working people save money when they're supporting millions of welfare parasites?
People_Suck
Feb 26, 2014 6:27 PM CST
Maybe it's because people are trying to keep their heads above water because of poor pay and high prices.. Hmm, now there's a thought.
Gorobei
Feb 26, 2014 1:33 PM CST
Hmm, savings interest rates are hovering around 1%. Paying off debt with an interest rate of anything greater than 1% yields a n%-1% return. This is extremely rational.