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Most Americans Have Less Than $1K In Savings, Over 20 Percent Haven’t Saved A Dime

Via [Infrogmation of New Orleans](

Via Infrogmation of New Orleans).

Sixty-two percent of Americans have less than $1,000 in savings, according to a survey conducted by To make matters worse, 21 percent of the country has no savings accounts to speak of (not including retirment accounts).

Via [GoBankingRates](

Via GoBankingRates.

When the results are broken down by age, Generation Xers fare the worst, with 31 percent having no savings at all, and only 16 percent having $10,000 or more. This is pretty depressing, considering their age range (35 to 54).

Via [GoBankingRates](

Via GoBankingRates.

Not surprisingly, people who make more money tend to have more savings:

People earning $75,000 or more, however, are more likely to have more than $1,000 in their savings, and those earning at least $100,000 report having $10,000 or more in savings more than any other income group. While 27.7 percent of people earning more than $100,000 and 18.9 percent of people earning $75,000 to $99,999 report savings account balances of at least $10,000, about 20 percent of every income group earning less than $100,000 report having no savings.

To see all the data, including a breakdown by sex, click here.

(Sources: GoBankingRates, MarketWatch)

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