America Saves Week, February 24 – March 1, 2014, is an annual effort to promote good savings behavior and a chance for individuals to assess their own saving status.
Through partners like HOPE, millions of individuals learn the importance of saving. The credit union understands the critical need to encourage more Americans to build wealth, not debt. We are showing our commitment to helping others save as a participating organization in America Saves Week.
Learn more about America Saves Week and how you can improve your savings habits. You can take the pledge to save, asses your savings progress, test your savings knowledge, read encouraging saver stories, and share photos of your savings goals.
Did You Know?
- Fewer than 50% of Americans say they have a savings plan with specific goals.
- Only 66% of Americans spend less than their income and save the difference.
- Only 66% of America have sufficient emergency funds for unexpected expenses like car repairs or a doctor’s visit.
- Finances are the #1 cause of stress, which leads to higher healthcare costs for companies and negatively impacts employee productivity and morale.
- Employees who learn how to effectively save are more empowered, more engaged, and more satisfied with their compensation, benefits, and overall jobs.
- More than 1/5 of all eligible employees do not participate at all in their company’s retirement savings plan
- Nearly 73% of students surveyed have resorted to at least one “risky” financial behavior, such as making out credit card limits or not paying bills on time.
- Nearly one in five students surveyed has used some extreme strategy for meeting day-to-day financial needs, such as taking out payday loans or using one credit card to pay another card.