As of September 2022, inflation was one of the reasons why over half of the adults in the United States could not save more that year. Both having a stagnant or reduced income and having new expenses were mentioned by nearly a quarter of respondents. In general, many responses were related to the current state of the economy.
Main reasons why people could not save more in the United States as of September 2022
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Statistics on Personal savings in the United States
Overview
7
- Basic Statistic Monthly personal savings as a share of disposable income in the U.S. 2015-2022
- Premium Statistic Mean and median amount of personal savings in the U.S. 2022, by type
- Basic Statistic Personal savings in the U.S. 1960-2021
- Basic Statistic Savings and other checkable deposits in the U.S. 2020-2022
- Premium Statistic Amount of money saved in savings accounts in the U.S. 2020-2022
- Premium Statistic Savings and investments held by employees in the U.S. 2021
- Premium Statistic Gross savings as share of GDP in the U.S. 1970-2020
Household savings
6
- Basic Statistic Household savings in the U.S. 2000-2021
- Basic Statistic Time and savings deposits of households and nonprofit organizations U.S. 2000-2021
- Premium Statistic Share of families that saved in the U.S. 2001-2019, by ethnicity
- Premium Statistic Share of families that saved in the U.S. 2004-2019, by work status
- Premium Statistic Share of families with savings bonds in the U.S. 2007-2019, by age of family head
- Premium Statistic Financial instruments owned by children in the U.S. 2022
College savings
4
- Premium Statistic Share of households saving for college in the U.S. 2020, by age of head of household
- Basic Statistic Total Education tax savings for college students U.S. 2001-2022
- Basic Statistic Assets of section 529 savings plan in the U.S. 2009-2021
- Premium Statistic 529 college savings average account balance in the U.S. 2016-2021
Retirement savings
6
- Premium Statistic Adults with any retirement savings in the U.S. 2021, by age group
- Premium Statistic Opinion of Americans on state of their retirement savings 2021, by ethnicity
- Premium Statistic Drivers for starting to save for retirement in the U.S. 2020-2021
- Premium Statistic Household retirement savings in the U.S. 2020-2021, by amount
- Premium Statistic Value of assets invested in IRAs in the U.S. 2021, by type
- Premium Statistic Probability of outliving their savings in the U.S. 2020-2022
Saving practices
6
- Basic Statistic Reasons why families saved in the U.S. 2010-2019
- Premium Statistic Goals in New Year's financial resolution in the U.S. 2022
- Premium Statistic Factors that are holding back Americans from saving for a down payment 2021
- Premium Statistic Factors that prevent the Americans from saving for a down payment 2021, by age group
- Premium Statistic Emergency bill: savings, credit card, borrow vs personal loan U.S. 2022
- Premium Statistic Bank account and service complaints reported CFPB in the U.S. 2021
Impact of the economy on savings
5
- Premium Statistic Adults who spent money from their savings due to inflation in the U.S. 2022, by age
- Premium Statistic Main reasons why people could not save more in the U.S. 2022
- Premium Statistic Share of people who have delayed financial milestones in the U.S. 2022
- Premium Statistic Share of people who avoided expenditures in the U.S. 2022
- Premium Statistic Actions people have found most effective to save money worldwide 2022
Further related statistics
21
- Share of households saving money in Italy 2003-2021
- Percentage of people saving money in Indonesia 2021, by type
- Goals in New Year's financial resolution in the U.S. 2022
- Share of people who avoided expenditures in the U.S. 2022
- Reasons for saving in the United Kingdom
- Popular ways of saving money in Czechia 2021
- Share of people who have delayed financial milestones in the U.S. 2022
- Adults who spent money from their savings due to inflation in the U.S. 2022, by age
- Reasons for saving money among twentysomethings 2012
- Most common reasons for saving money among households in Japan 2020
- Reason to save in Germany 2020-2022
- Personal savings as a percentage of disposable income in the U.S. 1960-2022
- Degree of concern around levels of inflation in New Zealand 2022
- Millennials' reasons to save money Malaysia 2019
- Share of millennials saving money in Russia 2020, by city
- Share of zoomers saving money in Russia 2020, by city
- Main reasons for saving money every month in Hungary 2019
- Monthly personal savings as a share of disposable income in the U.S. 2015-2022
- Share of people saving at financial institutions Indonesia 2011-2021 by age group
- Assets of section 529 college savings plans in the U.S. 2022, by state
- Percentage of people saving for old age Indonesia 2021, by type
Further Content: You might find this interesting as well
Bankrate. (October 24, 2022). Main reasons why people could not save more in the United States as of September 2022 [Graph]. In Statista. Retrieved March 29, 2023, from https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/
Bankrate. "Main reasons why people could not save more in the United States as of September 2022." Chart. October 24, 2022. Statista. Accessed March 29, 2023. https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/
Bankrate. (2022). Main reasons why people could not save more in the United States as of September 2022. Statista. Statista Inc.. Accessed: March 29, 2023. https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/
Bankrate. "Main Reasons Why People Could Not save More in The United States as of September 2022." Statista, Statista Inc., 24 Oct 2022, https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/
Bankrate, Main reasons why people could not save more in the United States as of September 2022 Statista, https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/ (last visited March 29, 2023)
Main reasons why people could not save more in the United States as of September 2022 [Graph], Bankrate, October 24, 2022. [Online]. Available: https://www.statista.com/statistics/1356223/reasons-why-respondents-could-not-save-more-in-the-us/