WSJ: 1 in 3 Americans don't save any money
Flickr CC By: 401 (K) 2013
Despite the economy slowly getting back on its feet, a new survey finds that 32 percent of all Americans aren't stashing their money away in a safe place. Only 68 percent of Americans are spending less than they earned and saving the difference, compared to 2010, when that number was 73 percent.
Compared to four years ago, fewer people also have emergency funds (that number dropped from 71 percent to 64 percent) and even fewer Americans are reducing their consumer debt, writes the Wall Street Journal. The divide between income brackets is stark, too: More than 80 percent of households raking in more than $50,000 spend less than what they earn, but only 69 percent of households that make less than $50,000 are saving money.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jordan Valinsky is the lead writer for Speed Reads. Before joining The Week, he wrote for New York Observer's tech blog, Betabeat, and tracked the intersection between popular culture and the internet for The Daily Dot. He graduated with a degree in online journalism from Ohio University.
-
All the records Taylor Swift has broken
Speed Read Swift's 'Eras' tour is now the highest-grossing concert tour in history
By Brendan Morrow Published
-
'Will growth slow, or is the economy about to fall off a cliff?'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
Senate passes FAA bill with new consumer protections
Speed Read The legislation will require airlines to refund customers for flight delays
By Peter Weber, The Week US Published
-
Puffed rice and yoga: inside the collapsed tunnel where Indian workers await rescue
Speed Read Workers trapped in collapsed tunnel are suffering from dysentery and anxiety over their rescue
By Sorcha Bradley, The Week UK Published
-
More than 2,000 dead following massive earthquake in Morocco
Speed Read
By Justin Klawans Published
-
Mexico's next president will almost certainly be its 1st female president
Speed Read
By Peter Weber Published
-
North Korea's Kim to visit Putin in eastern Russia to discuss arms sales for Ukraine war, U.S. says
Speed Read
By Peter Weber Published
-
Gabon's military leader sworn in following coup in latest African uprising
Speed Read
By Justin Klawans Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published