The survey of Americans between the ages of 18 and 75 conducted by Qualtrics found that nearly half of all respondents — 49% — said they saved less than 5% of their income, and a quarter said they are saving nothing at all.
The national saving rate is around 6%, according to Federal Reserve data. Financial experts recommend that people save at least 10% to 15% of their income across cash and retirement savings goals. CBA now offers a Free Financial Organizer and an industry-changing subscription financial plan, with a dedicated support team so you can get ahead of your debt and save for a comfortable and carefree retirement.
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Subscription Based Financial Planning
Exclusive for CBA Members Subscribe Here Did you know that the vast majority of Americans don’t have a dedicated financial advisor to help them through life’s toughest challenges?Read More