More than half of Americans have less than $1,000 in their saving accounts, according to research by online personal finance company GoBankingRates on Tuesday.
Out of the 8,000 people surveyed, 57 percent said they have less than $1,000 in their savings accounts, the research showed.
This figure was 69 percent last year, and 62 percent in 2015.
"This could suggest some Americans are beginning to realize the importance of having money saved, specifically in a savings account," the company statement said.
Another outcome from the report, however, looked less promising.
"The new survey found that 39 percent of Americans have $0 saved — up from 34 percent in 2016," the company said.
"That means more people are not financially prepared to protect themselves from one of the many financial disasters that can pop up," it added.
The research discovered that people in the age group of 18-34 are more likely than other generations to have nothing saved.
On the other hand, seniors aged 65 and older are more likely to have $10,000 or more in their savings accounts.
Thus, while 46 percent of people in the 18-34 aged group have $0 saved, 30 percent of seniors have $10,000 saved.
The survey also showed that women are behind men when it comes to savings in the U.S.
While 42 percent of women have no savings, this level is at 29 percent among men.
And, while 31 percent of men have at least $10,000 in savings, only 20 percent of women have $10,000 or more in their savings accounts.
By Ovunc Kutlu in New York
Anadolu Agency
energy@aa.com.tr
