US EditionPublished • loading... • Updated
Nearly 40% of Americans have less than $500 in cash savings, survey shows
About 1 in 5 respondents said they cannot save consistently as 34% cited the cost of living, according to a LendingTree survey.
- Nearly 40% of Americans have less than $500 in cash savings, according to a recent survey.
- About 1 in 5 people said they aren't able to save consistently, especially those who make less than $30,000.
- A majority of people who were surveyed said the main reason they are not able to save more is due to the cost of living.
Insights by Ground AI
8 Articles
8 Articles
'We've had to make sacrifices'| Inflation, costs impact emergency savings
High prices at the gas pump and the grocery store are squeezing Americans' ability to save for unexpected expenses.A recent study by Deposit Accounts at LendingTree found that 37% of Americans have less than $500 in cash savings, including 14% who have no cash savings at all. If their income suddenly stopped, 45% say they would not be able to cover more than one month of essential expenses. LendingTree's Matt Schulz, noted many are struggling to…
Coverage Details
Total News Sources8
Leaning Left0Leaning Right0Center7Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
