A survey released by ACNielsen today has determined again that Americans are the world’s worst savers (among developed countries).
Nearly a quarter (22 percent) of Americans have no money left once they’ve paid for their essential living expenses and spent their discretionary dollars. That puts the United States at the top of a list of 42 (countries for saving futility. The Unites States is neck and neck with Portugal.
I often complain about having no spending money, but in reality, I’m socking away that would-be excess in the form of 401(k), Roth IRA, and savings account contributions. I get frustrated that I’m not saving enough, but it sounds like I’m doing better than at least 22 percent of the country.
The good news according to the report is Americans have improved from the last survey six months ago. We are saving and concentrating on paying down debt more.