The State of American Savings and Retirement Confidence.
TL;DR Summary
Americans' personal savings rate rose to 5.1% in March, up from 4.8% in February, and hit $1 trillion. People are cutting back on spending and saving for a rainy day. The best places to store cash include I-bonds, CDs, and online savings accounts.
- Americans’ personal savings just hit $1 trillion. What’s the best place to store your cash? MarketWatch
- Where Did Americans' Savings Go? CNBC
- Retirement confidence in the US tanks by largest margin since the Great Recession Yahoo Finance
- AARP Financial Security Trends Survey, January 2023 AARP
- Retirement Readiness Linked To Longevity Literacy FedSmith.com
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