Core Insights - The rising cost of living in America is causing significant stress regarding savings, with 66% of Americans feeling "somewhat" or "extremely" stressed about their savings levels, and 14% expecting to dip into their savings this year [1][4]. Savings Trends - A substantial portion of Americans have low or no savings, with 19% having nothing saved and 21% having between $1 and $250. Only 25% have savings of $2,000 or more [4][8]. - The survey indicates that 34% of Americans contribute nothing to savings due to living paycheck to paycheck, while 32% save less than 10% of their paycheck [6][8]. Demographic Insights - Older Gen Zers and younger millennials (ages 25 to 34) are the most likely to have no savings, with 23% reporting $0 in their accounts. In contrast, 42% of Boomers (ages 65+) have $2,000 or more saved [5][4]. - Gen X (ages 45 to 54) shows the highest percentage of individuals saving none of their paycheck, with 42% living paycheck to paycheck [7][8]. - Gen Z (ages 18 to 24) is more likely to save a significant portion of their paycheck, with 10% saving 31% to 50% and 5% saving more than 50% [7].