America Saves is a national campaign involving more than 1,000 non-profit, government, and corporate partners encouraging individuals and families to save money and build personal wealth. Consumer Federation of America is comprised of over 270 consumer education, advocacy, and cooperative organizations dedicated to advancing the consumer interest.
February 23 – 28, 2015 is “America Saves Week,” an annual opportunity for organizations to promote good saving behavior and a chance for individuals to assess their own saving status. Started in 2007, the Week is coordinated by America Saves and the American Savings Education Council. Thousands of organizations participate in the Week, reaching millions of people.
The 2014 Annual National Survey Assessing Household Savings (released during ASW) revealed that while most Americans are meeting immediate financial needs, they are worse off than several years ago.
- Only one-third of Americans feel prepared for their long term financial future.
- Only 68 percent reported that they are spending less than their income and saving the difference. It was 73 Percent in 2010.
- Two-thirds of respondents (64%) said that they “have sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor visit.” It was 71 percent in 2010.
- 76 percent said that they are reducing their consumer debt, or are consumer debt-free. It was 79 percent in 2010.
With encouragement and support, more Americans can be persuaded to:
- Set a Goal.
- Make a Plan.
- Save Automatically.
Savings isn’t something you do once a year. It’s important to save, or to establish goals for saving, but the role that savings plays in helping us achieve our individual needs and goals, America Saves Week is a great time to revisit goals – and to start saving, or start saving more.