Many people find saving money to be challenging. We all do our best to stretch our dollars, and often find we have immediate needs that require our financial resources now, preventing us from saving for tomorrow.
America Saves Week is an annual opportunity for individuals to commit to themselves to save for their future.
The 2014 Annual National Survey Assessing Household Savings revealed that while most Americans are meeting immediate financial needs, they are worse off than several years ago.
• Only about one-third of Americans feel prepared for their long term financial future.
• 68 percent reported that they are spending less than their income and saving the difference. Down from 73 Percent in 2010.
• Nearly two-thirds of respondents (64%) said that they “have sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor visit.” Down from 71 percent in 2010.
• 76 percent said that they are reducing their consumer debt, or are debt-free. Down from 79 percent in 2010.
Watch for more announcements this week offering tips on how you can save more for your future!
Set a Goal. Make a Plan. Make a Commitment. Start Saving.
Questions can be directed to Human Resource Services, 509-335-4521, hrs@wsu.edu.
