//www.blackenterprise.com/files/2011/03/money-house_crop.jpg”>
How much do you know about saving for a rainy day? Here are seven facts from //www.americasavesweek.org/default.asp” >AmericaSavesWeek.org about saving money.
- The //www.treasury.gov/Pages/default.aspx” >U.S. Treasury says that Americans hold about $15 billion in loose change.
- The typical amount Americans spent last year on unexpected expenditures was $2,000. Surprisingly, lower-income households cited the same amount.
- Two-thirds of unexpected expenditures are related to medical care or motor vehicles.
- If family incomes are the same, families with a plan save about twice as much as those who do not have one.
- The only free money for savings that is available to many Americans is an employer’s match to a contributory workplace retirement plan such as a 401(k).
- In 2006, 25% of individuals age 65 and older relied 100% on Social Security payments for their income.
- The easiest way to save money is to have a set amount automatically deposited into your bank account each pay period.
Source: //www.americasavesweek.org/default.asp” >AmericaSavesWeek.org
Related posts
- HIV-AIDS continues to divide the globe
- 5 Financial Pitfalls to Avoid When You Come into New Money
- Georgia Users Can Now Print QuickBooks Checks On Blank Stock Easily...
- UNCF Empower Me Tour Hosted by Celebrity Education Activists Visits...
- 9 Time and Money-Saving Habits Long-Term Care Providers Can’t Afford...
- Many Americans with HIV go untreated: study
- The HOME Foundation Proudly Supports the Guard A Heart Foundation as...
- East Africa Crisis One Year On – Famine Reversed, Countless Lives...
- David Hinson, National Director of U.S. Department of Commerce...
- Marriage Counseling Company Launches Free Video to Help Couples Learn...
