Savvy Saver

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