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A drowning piggy bankAn alarming new poll reveals that half of American adults have $500 or less in their savings account, with 39% having $250 or less. Additionally, 40% of Americans keep a minimum balance of $500 or less in their checking account.
“Americans are under immense financial pressure,” according to a report from GOBankingRates, which conducted the survey of more 1,000 adults in December. “While inflation is evening out, prices for many everyday expenses remain high, and high interest rates are leading to larger mortgage and car payments for many consumers. With the cost of living so elevated, many Americans are living paycheck to paycheck, and may not be able to keep as much money in their bank accounts as they should.”
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Sponsored by Noom Health
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Copyright © 2025 ALM Global, LLC. All Rights Reserved.
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