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How much do Americans save?

September 23rd, 2010 at 09:13 pm

According to this

Text is interesting but large chart and Link is http://www.billshrink.com/blog/wp-content/themes/shrink/images/how-much-american-save-thumb.jpg
interesting but large chart, the average American household saves only $2400 a year, or $200 a month. Also, only 41% save regularly. Wow.

4 Responses to “How much do Americans save?”

  1. Ima saver Says:
    1285276402

    That is pretty bad!!

  2. Analise Says:
    1285278677

    It's a very interesting chart. I remember reading years ago that American savings habits lagged behind that of many industrial nations. One exception now is
    Text is Japan, and Link is http://www.wisebread.com/comparing-savings-rates-us-vs-japan
    Japan, where savings rates have declined drastically in recent years.

  3. dmontngrey Says:
    1285350097

    Wow, I'm glad I'm currently outpacing the average. Sad that my mother falls in the majority though. Most people I know fall in the majority.

  4. baselle Says:
    1285350717

    It is bad, but a few years ago it was even worse, so 2% to 6% is headed in the right direction. To think that even when I in college in the early 80s, the savings rate was 10%. Of course the interest rates on CDs were fantastic then too. Who wouldn't want to save into vehicles making 10 - 15% interest?

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