Majority of Americans Have Less Than $1k in Savings

According to USA Today and GoBankingRates, 69% of Americans have less than $1,000 in savings, including 29% of adults earning $150k or more.

Imagine having more readily available cash than 69% of Americans with just a $1,000 bill.

What’s interesting is that of those surveyed, only 15% had savings of $10,000 or more.

This means that savers are in the minority, and this is especially true the earlier you are in your career.

Yet, the earlier you start, the better position you will be when you need to start drawing down your savings, because #life and #financialsecurity.

For example, on a $1,000 investment you can earn $1,400 or more just by reducing your fund fees.  Here’s how.

And you’d have more cash on hand than 29% of U.S. adults earning $150,000 or more.

Food for thought.

How much do you have saved and invested?

Leave a Reply

Your email address will not be published. Required fields are marked *