Savings in Americans over the past 40 years

The recent issue of Mental Floss had an interesting infographic on the saving rates of Americans over the past 40 years.

  • 1970: 9.4%
  • 1975: 10.6%
  • 1980: 10%
  • 1985: 9%
  • 1990: 7%
  • 1995: 4.6%
  • 2000: 2.3%
  • 2005: -.04%

That’s right, most of us aren’t even saving money anymore. We are too busy buying ipods, I suppose.

This, of course, at a time when the realization that most of us won’t see a dime of social security. Scary.

Advertisements

3 thoughts on “Savings in Americans over the past 40 years

  1. The problem with this number, and people use it all the time, is the way it is calculated. I read a few weeks ago that this number only counts in liquid savings…and does not include retirement savings (IRA’s, 401k’s etc…) so it really is a bit misleading.

  2. Wayne, if you could state where you read this information I would be happy to update it.

    However, is an estimated 0% liquid savings still a good idea?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s