No Savings!

The Need!
A quick glance at the headlines below and the massive need for MWR Financial’s philosophy is very clear!  (Articles are listed in reverse chronological order.)

broke-man2016 Dec. 25,  “The latest data shows that a whopping 69% of Americans now have less than $1,000 in a savings account

2016 Oct. 30,  “Most Americans Have Almost No Savings–Even If They Make More Than $100,000 a Year
Of respondents making $75,000 to $99,999 a year, 62 percent still have less than $1,000 in savings.  And 44 percent of Americans making $100,000 to $149,999 have less than $1,000 saved, while 60 percent of those in that income bracket have less than $5,000 in savings.  Even among those fortunate enough to make $150,000 or more a year, 29 percent have less than $1,000 saved.

2016 Oct. 09, USA Today:  “Nearly 7 in 10 Americans have less than $1,000 in savings

2016 Oct. 03, CNBC:  “About half of US families have zero retirement account savings

2016 Sep. 23, Fortune:  “About 69% of Americans have less than $1,000 in their bank account, according to a new survey
It’s a shockingly low number. Most experts recommend that Americans hold onto at least three months worth of expenses in their savings account in case of emergency situations such as accidents or unemployment.  By those standards, the average U.S. household, including families and single persons, would need $13,994.49 in their savings to make do, based on data from the Bureau of Labor Statistics.
—> “A surprising 23% of individuals making more than $150,000 have less than $1,000 saved in their account.

2016 Sep. 20, Bloomberg: “Make Six Figures? There’s a Decent Chance You’ve Got Almost Nothing in the Bank
—> “Close to half of those who earn from $100,000 to $149,999 a year have less than $1,000 in their savings accounts.  Some 18% of them have socked away absolutely nothing.

2016 Sep. 19,  “69% Of Americans Have Less Than $1,000 In Savings

2015 Dec. 23, MarketWatch:  “Most Americans have less than $1,000 in savings