Tags: Money | expenses | families | worth

29 Percent of Americans Have 6 Months of Bank Savings

29 Percent of Americans Have 6 Months of Bank Savings
(Imagevillage/Dreamstime)

By
Friday, 13 July 2018 04:36 PM Current | Bio | Archive

July 13, 2018: Just 29 percent of Americans have enough money in the bank to cover six months of living expenses.[1]

Experts have long recommended that families have enough savings to cover six months of living expenses. However, despite the fact that few have such resources available, 62 percent of Americans are at least somewhat comfortable with their level of savings. That figure includes 24 percent who are very comfortable with their savings.

Overall, 18 percent have three to five months worth of savings, 22 percent have fewer than three months of savings, and 23 percent have no savings to draw upon.

HowMuchDoAmericansHaveinEmergencySavingsRasmussNoDay.png

An earlier Number of the Day reported that 43 percent of millennials are saving for a vacation.

Footnotes:

  1. Bankrate, "Most Americans have inadequate savings, but they aren’t sweating it," June 20, 2018

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

© 2018 Newsmax. All rights reserved.

   
1Like our page
2Share
ScottRasmussen
62 percent of Americans are at least somewhat comfortable with their level of savings. That figure includes 24 percent who are very comfortable with their savings.
expenses, families, worth
227
2018-36-13
Friday, 13 July 2018 04:36 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved