According to business insider’s report, based on a survey done among 5000 American citizens in different states it was found that many Americans have little annual savings. The saving rate of people in states like California and Washington which are richer was way less than people who lived in states with lower income average.

StatePeople with annual saving USD 10-20 thousandPeople with annual saving more than USD 20 thousand
Nebraska12.5%12.5%
North Dakota25%5%
New Hampshire5%15%
Nevada3.1%15.6%
Michigan8.7%9.5%
Delaware5.9%11.8%
New Jersey5.4%12%
Oregon5.7%11.3%
Maryland5.8%10.1%
Massachusetts5.8%9.9%

 

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