One-fifth of Americans say they have zero savings [DailyFinance (AOL.com)]
Moody's Corporation (MCO)
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Source: DailyFinance
AOL Logo One-fifth of say they have zero savings Share Gina Heeb Mar 14th 2019 8:06AM About one-fifth of don't have any savings, according to a new survey. have improved in recent years, but some have said they would still have trouble paying for an unexpected $400 expense like a car repair. About a fifth of have no money tucked away for unexpected costs. About 21% of working said they aren’t saving any money at all, rate found in a survey. Among those who are saving, a majority are putting away less than 10% of their income. Over the past several decades, household savings in the have been trending downward. By the Bureau of Labor Statistics' measure, were saving 7.6% of disposable income in December. Before the 1980s, that rate had mostly been in the double digits. Widening inequality has been one potential reason the personal savings rate has remained low by historical standards and compared with other countries, said Brian Rose, the senior Americas economist at UBS Wealth
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News
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MCO
Earnings
- 2/14/24 - Miss
MCO
Sec Filings
- 4/2/24 - Form 3
- 4/2/24 - Form 4
- 3/18/24 - Form 4
- MCO's page on the SEC website