GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
20 YearsHelping You Live Richer
Reviewedby Experts
Trusted byMillions of Readers
Americans are under immense financial pressure.
Heres what we discovered.
While 24% said they have rarely had an overdraft, another 11% said it happened multiple times.
The survey found that 29% are extremely stressed about their current savings and 37% are somewhat stressed.
Baby boomers ages 65+ are most likely to be confident about their savings, with 19% feeling confident.
As the generation most likely to have over $2,000 in savings, this confidence is warranted.
How Much Should You Have in Your Savings and Checking Accounts?
Assess your expenses, income stability and risk tolerance to determine how much you feel comfortable keeping readily available.
This helps cover unexpected costs without going into debt.
If you have under three months of expenses saved, make building up your emergency fund a priority.
Even small, regular contributions help grow your savings over time.
As for your checking account, you should have more than enough to cover your monthly expenses.
This helps avoid overdraft fees and having to transfer from savings frequently.
; (3) How much do you anticipate your savings account balance to change over the next year?
; (5) How much is the minimum balance you keep in your checking account?
; (6) How much do you currently have in your savings account?
; (7) How much of your paycheck do you put in your checking account?
; (8) How much of your paycheck do you put into your savings account?
; (9) How satisfied are you with your current bank?
; (10) Whats the worst part about your current banking situation?
; (12) Which of the following bank accounts do you currently use/have open?
; (16) In the past year, how often have you written a physical check?
; (17) When was the last time you chose to visit your bank in-person?
; (19) Have you had an overdraft on your checking account in the past year?
; (20) How much cash do you keep at home?
; (21) Do you believe the current banking system needs to change?
GOBankingRates used PureSpectrums survey platform to conduct the poll.
More From GOBankingRates
Share This Article:
