What Percentage of Americans Have an Emergency Fund? Are Saving for Retirement?

Mar 31, 2015
Behavioral Finance, Question of the Day, Research, Investing, Savings, Current Events, Chart of the Week

Answer:  63%

From USA Today:

Questions to stimulate classroom discussion:

  • What do you think is an appropriate headline for the pie chart?  For the bar chart?
  • In looking at the percentage of each age group saving for retirement, which group would benefit the most from the impact of compound interest?
  • What is the appropriate size of an emergency fund?  Why do you think an emergency fund is important?
  • Aside from personal savings for retirement, what are other income sources for people in retirement?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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