United States

Here's How Much Money Americans Have in Their Savings Accounts

Almost 40 percent report having no savings at all

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.

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

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