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