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.
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.