Currently, two thirds of Americans feel behind their savings goals, according to a new survey.
The survey at 2,000 North -Americans, evenly divided by generation, revealed that 67% felt like this, with 47% also admitting that they do not believe that they would never achieve their savings goals.
This is probably due in part to respondents who need to get money out of their savings accounts.
Six out of 10 (63%) of the with savings have withdrawn money from the beginning of the new year, with one in five (19%) when you get money five or more times.
Commissioned by the current Banking Banking application for the national financial literacy month and by Talker Research, the survey revealed that, unfortunately, for the North -Americans, they do not use this money for anything fun.
When asked where they are spending their savings, unexpected expenses exceeded the list (48%).
It was followed by everyday purchases that could not be allowed (36%), emergencies (30%) and money for rent or their mortgage (23%).
Only 18% have only taken money to spend on something they worked to save.
The survey found that the average respondent is contributing $ 496 in savings a month.
But this is not feasible for everyone, and the results also revealed that three out of 10 (31%) put $ 200 or less on their savings account each month.
Being limited to what they can bring in savings and that they need to bring money to cover unexpected expenses, it means that 25% of respondents have less money in their savings account now than by the beginning of 2025.
The X gene was most likely to decrease its savings, 31%, while millennials were the least likely, at 19%.
The millennials seem to be constant, and 39% said that their savings have remained the same, while Gen Z was most likely to have increased the money in their account (38%).
“North -Americans are demonstrating incredible resilience and commitment to save, even in difficult times,” said Erin Bruehl, current Vice President of Communications. “The fact that people are trying to build emergency funds demonstrates their commitment to financial responsibility.
“More than 60% of people needed to use their savings this year, emphasizing exactly why the North -Americans are smart for trying to build this financial pillow. Their savings successfully serve their intended purpose, helping to navigate with the two unexpected costs and say they can maintain their essential needs.”
The survey also asked respondents about their bank’s role in their savings habits.
Seventy-one genes of the ZERs said that its bank has been useful for reaching its goals, compared to 61% of millennials, 51% of the X gene and 41% of the baby boomers.
Even then, 52% of the Z gene think they could get “more” from another bank, which is higher than any other generation.
This can be due in part to three out of ten Zers gene, believing that the benefits offered through their bank are “obsolete”, compared to only 11% of baby boomers.
And this can contribute to 45% of Z gene that would be willing to change banks, compared to only 21% of baby boomers.
“North -Americans should select financial institutions that will help them achieve their goals,” Bruehl said. “Online or mobile solutions only offer higher savings rates than traditional banks without monthly balance or minimum balances, and provide additional advantages such as early payment access and protection of desktop without rates that provide an additional pillow when invoices occur.These benefits put more money in consumers’ pockets and can help people achieve their faster goals.”
Survey Methodology:
Talker Research surveyed 2,000 -Americans, evenly divided by generation; The survey was currently commissioned and the Administration and Administration in line by Talker Research between March 28 and April 2, 2025.
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