How Much do Americans Save?

Sep 27, 2010 by     No Comments    Posted under: Economics, Featured, Finance

Find the best cell phone plans at BillShrink

Add this Infographic to Your Website:
Simply copy the code below and paste it into the HTML of your blog, website, or Static FBML box on Facebook

This infographic from displays the average savings accounts of typical Americans. It begins by shoing the median household income, minus taxes, plus tax returns, which equals about $40,500 per year. The average American spends 94% of their disposable income, leading only $2,400 to be saved each year by this “average American,” but only 41% actually put that money into savings. That said, 43% of Americans spend more than they earn, leaving them in debt. When compared to the rest of the world, Americans save far less, with China saving 30% of their income on average.

After displaying this staggering data, the infographic goes into a list of reasons by Americans can’t save money. These reasons include the following:

  • Lifestyle maintenace
  • Instant gratification
  • Credit cards don’t feel like real money
  • Avoiding the truth about their bank account
  • Keeping up with the Jones’

For anyone who has a problem saving, this infographic could be eye opening. If we as Americans could come to terms with the 5 reasons it’s hard to save, we could likely overcome these and start saving more.

Related Posts with Thumbnails

Got anything to say? Go ahead and leave a comment!

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>