76% Think They Should Save More Money

[jeffrey]

With holiday shopping off to a strong start and Americans expected to spend an average of nearly $750 on gifts this season, money will be an issue with many of them. According to a new survey from Bank of America and conducted by Harris Interactive, 76% of U.S. adults don't think they save as much money as they should.

The survey of more than 2,000 U.S. adults found the following information:




- 89% of adults do not have a separate account where they save money for holiday shopping.

- 68% of adults place their spare change in a change jar or piggy bank.

- 82% of adults have a savings account of some type, but less than 64% saved money in the past year.

- 98% of adults regularly take measures to save money. these include:
* making meals at home instead of eating out (76%),
* conserving energy (73%)
* waiting for items to go on sale before purchasing (69%).

- 92% of adults save spare change, but only 66% of them do so specifically as a means of saving money. They typically think they could save just over $100 (median = $103) just by saving their spare change over one year.

- 33% of adults regularly transfer funds from an account into their savings account.

[cercis]

Saving change wouldn't net me much. I rarely use cash. Maybe once/month. So, I'd save less than $12/year.

What I do use, is rewards cards. With those, I make/save more than $100/year.