57% of Americans Have Less Than $1,000 in Savings

More than half of Americans have less than $1,000 in savings, a new survey found. In fact, 39 percent of survey respondents said they had no money set aside in savings at all.

For the second consecutive year, personal finance website GOBankingRates asked more than 8,000 Americans how much money they have in their savings accounts. The results revealed that 57 percent of Americans have less than $1,000 in savings — a significant improvement from a similar survey in 2016, which found that 69 percent of respondents had less than $1,000 set aside.