National Savings Day is not a national holiday in the United States, but maybe it should be. For now, it is a movement and a petition to make that happen. National Savings Day is a day honoring saving, financial planning, debt reduction, and wealth accumulation. The main purpose is to encourage consumers to be aware of their saving and spending habits.
ACCC recommends having a savings fund.
Here are some statistics from ArtofSaving.com
- 40% of American families spend more than they earn1
- Average U.S. household credit card debt is $8,2991
- 53% of workers have not calculated how much they will need for retirement2
- 8.5 million U.S. homeowners will default on their mortgages between 2008 and 2010. Roughly 5.2 million of them will lose their homes3
- In 1984, as a nation, we saved 10.4% of our disposable income. In 2005, for the first time since the Great Depression, our national savings rate was negative (-0.5%)4
(Sources: 1Federal Reserve; 2Social Security Administration; 3Moody’s Economy.com; 4U.S. Department of Commerce)
Judging by those financial statistics and trends, there is clearly a need for more awareness and education about personal financial issues. ACCC would like to support National Savings Day by offering these free financial education resources…
- Personal Financial Workbook (pdf)
- 20 Steps to Financial Health (pdf)
- Household Budgeting Worksheet (pdf)
If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today.
