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Minnesota Gov. Tim Walz said less than half of Americans have $1,000 in savings. A Forbes survey found the number is closer to 28%. But his point about financial insecurity holds up.

Summary by PolitiFact
Tim Walz said that less than half of Americans have $1,000 in savings. His general idea that Americans are financially insecure due to inflation and rising costs is correct. His numbers are not.

Bias Distribution

  • 100% of the sources lean Left
100% Left
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PolitiFact broke the news in Saint Petersburg, United States on Wednesday, April 16, 2025.
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