Even LMI 50+ individuals who report that they have enough savings to cover six months of expenses say they’d be living on very modest incomes in the event of an emergency. Read more about how the Saving Shortfall impacts this cohort.
45% of Americans say they do not have enough savings to cover at least three months of living expenses. Read more about the challenges people living in America are facing in the U.S. Financial Health Pulse.
27% of Americans report having less than $1,000 saved for retirement and 50% are at risk of not having enough to maintain their living standards in retirement. Read how we can prepare for tomorrow by fixing today.
Households are reaching just 23% of their emergency savings goals and are not closing the gap, even as their income increases. Read more about the acute need for short-term savings.
Research from the U.S. Financial Diaries project shows that many working families do save. But they save for the short-term, not the long-term. Take a deeper look at the financial lives of Americans.