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Over half of Americans say they're not even close to financial freedom (scrippsnews.com)

submitted 2 years ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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About 36% of U.S. adults say they have less than $1,000 in their savings accounts.

For analysis of the political views of that media: https://ground.news/article/over-half-of-americans-say-theyre-not-even-close-to-financial-freedom

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[–] Shikadi@lemmy.world 4 points 2 years ago* (last edited 2 years ago)

Oh wow that's wild

Edit: No, that doesn't seem to be the case. I'm seeing multiple sources (go banking, bankrate, Princeton) all corroborating the lack of savings. It looks like bankrate does the surveys annually too: https://www.bankrate.com/banking/savings/emergency-savings-report

Bankrate doesn't ask the savings number directly so that's maybe what you were seeing, but go banking does:

https://www.gobankingrates.com/saving-money/savings-advice/nearly-half-of-americans-have-less-than-500-in-savings-how-you-can-beat-trend/

"Methodology: GOBankingRates surveyed 1,002 Americans aged 18 and older from across the country on between January 30 and February 1, 2023, asking six different questions: (1) How much savings do you have?; ..."