Savings Facts and Statistics

Consumers with Savings Plans Far More Likely to Save, Reduce Debt

There are striking differences between the savings progress of those with and without a savings plan, as the figures below suggest. (Source: America Saves and the American Savings Education Council (ASEC) 2011 National Survey Assessing Household Saving (link))

With Plan Without Plan
Spend less than income, save difference 88% 50%
Reducing consumer debt or debt-free 87 69
Sufficient emergency savings 85 50
Saving enough for retirement 61 27