49% of Americans Have Nothing Saved Only 14% have more than $10K in their savings account By Michael Harthorne, Newser Staff Posted Oct 7, 2015 5:10 PM CDT 112 comments Comments (Shutterstock) (Newser) – Nearly half of all Americans—49%—have no money in their savings account or no savings account at all, CNBC reports. “It’s worrisome that such a large percentage of Americans have so little set aside,” a financial analyst for the site that conducted the survey tells Market Watch. “They likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends, and family." The survey of 5,000 people found that 62% of Americans have less than $1,000 saved, while only 14% had more than $10,000 in their savings account. These numbers come despite a September survey showing Americans are getting more interested in—and being more effective at—saving money, CNBC reports. Last month's numbers for interest, effectiveness, and effort toward saving were the highest ever for the survey. However the survey did come to the obvious conclusion that the country's biggest earners—those making more than $100,000 a year—were by far better at saving money than those in a lower income bracket. According to the federal government, Americans on average saved 4.6% of their disposable income in August.