"The average amount that Americans have in their savings is around the price range of $2,000 to $3,000."
$787,000.00
About $ 1000
£26,680
1,000 dollars
average savings account rate in 1995?
$62
$787,000.00
About $ 1000
£26,680
$1200.00
The current national savings rate of the United States is negative, specifically -3.9%. This means that Americans, on average, are spending more than they are earning.
1,000 dollars
TOO MUCH
average savings account rate in 1995?
There is no such thing as to much savings.
The combined amount of personal debt in the US is $2 trillion which is about the GDP of England. That means Americans are in debt more than a country earns in a year. And that $2 trillion debt boils down to $117,951 per household. The statistics don't get much better from there. Even though Americans are a hard-working and industrious people they undertake too much debt and save too little. In the 1960s the average American saved 11 percent of their paycheck and in the 1990s it had decreased to 5 percent and then in 2003 it fell to 2.3 percent. However, because of the shaky economy, savings among Americans have risen to between 5 and 7 percent of their disposable income.========Online Savings Account
The average interest rate on savings accounts is 3.5 to 4%