Today begins America Saves Week!
Since 2007, America Saves Week has been coordinated by America Saves and the American Savings Education Council as an annual opportunity for organizations to promote good savings behavior. It also serves as a reminder for individuals of their own saving status and future goals.
The 2012 Annual National Survey Assessing Household Savings (released during America Saves Week last year) found that:
- Only 66% of Americans spend less than their income and save the difference
- Only 66% of Americans have sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor’s visit
- Only 42% of Americans say they have a savings plan with specific goals
- Only 52% of non-retired Americans think they are saving enough for a retirement in which they will have a desirable standard of living
The Survey also revealed that having a savings plan with specific goals can have beneficial financial effects, even for lower-income families. The 2013 survey is expected to be released this week.
As a partner of America Saves Week, Popular Community Bank has been celebrating savings throughout February with our I Love Saving event.
This is the final week to take advantage of some incredible opportunities that are part of our I Love Saving campaign. We are still offering cash rewards for new Relationship Savings accounts with automatic monthly deposits, and you have the rest of this week to enter our I Love Saving Photo Contest on Facebook for a chance to win $5,000.
Be sure to take advantage of these great opportunities, and stop by any Popular Community Bank branch for more information about how we can help you reach your savings goals in 2013.