Obviously "savings account" and "in savings" are not the same thing. This survey and article don't seem professional - basically this is clickbait or they are c

Obviously "savings account" and "in savings" are not the same thing. This survey and article don't seem professional - basically this is clickbait or they are clueless. But the main issue still is real. Regardless of "savings account" status, other studies show ~half of Americans are financially insecure today. Should an emergency expense of $2000 come up they don't have it. The problem is getting worse as baby boomers retire. If you include underfunded retirement savings in the group at risk then the vast, vast majority of Americans are in a financially insecure position. Pew Trusts did a study as well: "One in 3 American families reports having no savings at all, including 1 in 10 of those with incomes of more than $100,000 a year." "41 percent did not have enough liquid savings to cover the $2,000 cost of the typical household’s most expensive financial shock." Link to Pew report [pdf] http://www.pewtrusts.org/~/media/assets/2015/11/emergencysavingsreportnov2015.pdf http://www.pewtrusts.org/~/media/assets/2015/11/emergencysav...