Here's how much americans at every age have in their savings accounts
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
If your savings account balance is looking sad, you're not alone. According to a 2016 GOBankingRates survey, 69% of Americans have less than $1,000 in their savings accounts.
What's more, 34% have no savings at all: How much should you have in the bank? Most financial advisors recommend having three to six months of living expenses in an emergency fund to
pay for unexpected costs. In addition to establishing a rainy day fund, it's smart to set savings goals for major purchases that you hope will be in your future, like a home, car or
vacation. It may be helpful to set up multiple savings accounts in order to save for specific expenses.