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Monday, April 22, 2019

Americans Are In Deep Trouble: 23% Save Nothing From Paychecks

https://www.shtfplan.com/headline-news/americans-are-in-deep-trouble-23-save-nothing-from-paychecks_04222019

According to the survey, only 40% of Americans prioritize their savings for their emergency fund with 27% saying their highest priority is saving for their retirement. 39% of Americans plan on putting this year’s tax refund in a savings account while 25% have never withdrawn from their savings account.  Most Americans are optimistic too, with 60% reporting that they are “somewhat” or “very likely” to be on track with their savings to retire by age 65.
But those few decent statistics don’t detract from the scary ones.  Such as, 63% of Americans do not set annual savings goals and 74% of Americans put 10% or less of their monthly paycheck towards savings. In fact, 23% reported that they put in 0% of their monthly paycheck toward savings.


 23% sounds optimistic to me....

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