Survey: Upward Mobility Statistics - 55% Save Less Than $100 a Month, Says CreditDonkey.com Survey

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Majority of Americans have stalled savings plans, according to new poll results.

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Just over half of Americans saved less than $100 per month in 2012, on average, according to a survey conducted by CreditDonkey.com, a credit card comparison website. While the more than 1,100 respondents strive to improve their savings habits in 2013, at least 1 in 3 predict they will save, on average, less than $100 per month.

Survey Findings: http://www.creditdonkey.com/average-monthly-savings.html

"Americans who want to move upward will have a hard time doing so if they can’t find a way to put more aside each month, either because they lack income or savings discipline," says Charles Tran, founder of CreditDonkey.com. "On a positive note, if presented with a sudden windfall, such as winning $500 in the lottery, 65% of the respondents said they will save most of it."

Key Findings:

  •     38% do not have at least $100 cash on hand
  •     33.5% predict they’ll save less than $100 per month in 2013
  •     Just 12.9% expect to save at least $500 each month this year

"Unfortunately, this CreditDonkey.com survey shows, many households continue to live paycheck to paycheck, spending more than they earn, or awfully close," says Tran.

To read the full survey findings, visit http://www.creditdonkey.com/average-monthly-savings.html

CreditDonkey.com provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis. Visit our newsroom at http://www.creditdonkey.com/news.html to stay informed with credit card news, deals, reviews, and tips from CreditDonkey.com

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Charles Tran
CreditDonkey
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