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57% of Americans Have Less Than $1,000 in SavingsLOS ANGELES, Sept. 12, 2017 /PRNewswire/ -- More than half of Americans have less than $1,000 in savings, a new survey found. In fact, 39 percent of survey respondents said they had no money set aside in savings at all. For the second consecutive year, personal finance website GOBankingRates asked more than 8,000 Americans how much money they have in their savings accounts. The results revealed that 57 percent of Americans have less than $1,000 in savings — a significant improvement from a similar survey in 2016, which found that 69 percent of respondents had less than $1,000 set aside. However, the percentage of people with $0 in savings has climbed to 39 percent from 34 percent in 2016. The data is broken down state by state to determine which states had the highest percentage of Americans with little to no savings. Respondents could choose one of the following answers:
For full study results and more details on methodology, visit: More Than Half of Americans Have Less Than $1,000 in Savings in 2017. States With the Highest Percentage of Residents With $0 in Savings 1. Washington, D.C.
2. Massachusetts
3. Hawaii
5. New Mexico
States With the Highest Percentage of Residents With $10,000 or More in Savings 1. Kansas
2. Washington
3. New Jersey
4. North Dakota
5. Kentucky
Additional Study Insights
About GOBankingRates GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here. Contact Kim Dahlgren, Media Relations
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