Linking Annual Income to Saving Trends
Based on a February, 2010 survey from the National Institute of Food and Agricultural, there appears to be a correlation between household incomes and savings. The following is a brief summary of the report ―Annual America Saves/ASEC Survey,‖ conducted by Opinion Research Corp.
“Reported Differences Between Households with Income Above and Below $50,000”
| Below $50K |
Above $50K |
|
|---|---|---|
| Have sufficient emergency savings |
52% | 85% |
| Have sufficient retirement savings |
36% | 73% |
| Save for retirement at work |
26% | 70% |
| Have spending plan allowing for savings |
32% | 56% |
| Have savings plan with specific goals |
38% | 68% |
To learn more about the survey, explore your future financial worth, and more money tips, visit: http://www.americasaves.org/resources/savings_tip.asp
