Income Disparity in American Savings Habits
Income Disparity in American Savings Habits
馃挵 Half of Americans Can't Save
A new study reveals stark savings disparities across income brackets in America:
- 47% of households earning under $50k cannot save monthly
- 26% of those making $50k-$99k face saving challenges
- Only 14% of $100k+ earners report inability to save
This follows March data showing 60% of under-$50k earners report poor financial health, while just 15% of $100k+ earners face similar struggles.
The findings highlight growing economic inequality and savings accessibility challenges for lower-income Americans.
47% of Americans with a household income below $50,000 said they aren鈥檛 able to put any of their monthly income toward savings, compared with 26% of those who make $50,000 to $99,000 and 14% of those who earn more than $100,000, per MW
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