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 | |
