Here's How Much Money Americans Have in Their Savings Accounts - NBC 10 Philadelphia
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Here's How Much Money Americans Have in Their Savings Accounts

Almost 40 percent report having no savings at all

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    Here's How Much Money Americans Have in Their Savings Accounts
    Getty Images, File

    If your savings account balance is hovering at or below $1,000, you're not alone, CNBC reported.

    More than half of Americans (57 percent) have less than $1,000 in their savings accounts, according to a 2017 GOBankingRates survey.

    While that's an improvement from last year, when 69 percent of Americans reported having less than $1,000 in savings, a higher percentage have no savings at all: 39 percent, up from 34 percent in 2016.

    Of the 8,000 survey respondents, 12 percent have $1,000 to $4,999 saved and 25 percent have $10,000 or more saved. 

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    (Published Monday, Oct. 16, 2017)