According to a survey conducted by, the percentage of Americans with LESS THAN $1000 in savings is up to a shocking 69 percent. This is up 7% from 2015. We are actually saving less as a nation.

Take a look at the chart in this article. It breaks down percentages of zero money saved, less than 1K saved, 1-5K saved, 5-10K saved and over 10K saved. What the chart doesn’t show you is that there are only a small percentage of folks that are seriously building wealth. It all starts with the discipline to save your earnings or windfalls and invest those funds well.

If you have less than $1000 in savings, don’t worry. You’re not alone!! For most age groups, only 23-30% of people have saved MORE than $1000 with the most savings happening with older Baby Boomers and Seniors.

Women are still having extra challenges with saving money. The survey found that 28 percent of men have no money set aside in savings, but that figure balloons to 42 percent for women. Only about one third are on track for retirement saving.

I have wondered why there is such an epidemic of paycheck-to-paycheck mentality. It really takes just a short adjustment period to cut back on spending enough to afford to put aside $100 or more each month. After that, if you set it up automatically, you won’t even notice the transfers until you look at your investment account and realize how it has grown! It has to become a necessary line item in your budget just like kids’ clothes, lunch money, and car insurance. Sometimes it’s just a habit that needs to be developed consistently, and over time, that habit will make you money while you sleep. Our society has become a “microwave-speed-gimme-gimme” culture. Many people were not raised in families that valued living within one’s means, saving consistently and building up that savings over time. We can choose to adopt those values and change the course of our lives for the better. If this information tugs at you as you’re reading it, then it’s time to make a change – a positive change that will benefit you time and time again.

The author, Cameron Huddleston, encourages readers to use financial tools and financial professionals. If you don’t think you have enough to save, it’s time for a side gig. Invest all your earnings from it and get on the road to financial and emotional peace of mind. Let us help!

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