Set a Goal, Make a Plan, and Save Automatically: America Saves Week

man and woman on couch Saving for the future is a vital part of ensuring a secure retirement. American Savings Education Council and America Saves coordinate the annual America Saves Week. Started in 2007, the week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.

For years, Social Security has collaborated with America Saves Week to promote our shared mission of helping millions of people save for their future. This year, America Saves Week began on February 27, but people like you are striving to save every day.

The 2016 annual America Saves Week survey assessing national household savings revealed:

  • Just two out of every five U.S. households report good or excellent progress in meeting their savings needs.
  • About half (52 percent) are saving enough for a retirement with a desirable standard of living.
  • Only 43 percent have automatic savings outside of work.
  • More men (74 percent) report progress with saving than do women (67 percent).
  • Those with a savings plan with specific goals (55 percent of the public) are making much more savings progress than those without a plan (23 percent).

Knowing this, it’s never too early to start planning for your future. Set a goal, make a plan, and save automatically. Savers with a plan are twice as likely to save successfully. Pledge to save for America Saves Week at www.americasaves.org. Share what you’re saving for suing the hashtag #ImSavingFor.

You may also want to visit www.myRA.gov if you do not have retirement savings as part of your job. myRA is a retirement savings account from the Department of the Treasury designed to help you put aside money for your retirement. You can invest in the fund according to your budget, putting you in control of your financial prospects.

Social Security’s “People Like Me” website has tailor-made information for preparing for your future. Our richly diverse country is made up of countless backgrounds, ethnicities, and nationalities, yet we all want the same thing — a secure future. You can see many of the diverse people we serve at www.socialsecurity.gov/people.

Younger people need to know, the earlier you start saving, the more your money can grow. Our website for young workers at www.socialsecurity.gov/people/youngpeople/saving.html has many resources that can help you secure today and tomorrow.

Veterans and wounded warriors, as well as their families, sometimes face unique obstacles when saving for their future. Our website has life-changing information at www.socialsecurity.gov/people/veterans.

After more than 80 years of success, we know that Social Security will always be there for you. Securing your today and tomorrow will always be our priority.

 

 

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29 thoughts on “Set a Goal, Make a Plan, and Save Automatically: America Saves Week

  1. I’m not here to tear anyone down. I’ve worked all of my life and have very little too show for it, with the exception of my two children.
    I’m seeking knowledge, not a hand out. Worked on my last job for the last 25v years until the government contract ended late last year.
    Does anyone have any information for a single mom who put her children through college and now owes almost 90,000 dollars including interest. Both kids are trying to help but did not get the type of jobs and salaries that were expected.
    They have student loans and I am now working on my second Parent plus Loan. Student loans have been one of the biggest
    rip-offs of the century in my opinion.
    Is there any advice for the 63 year old mom with this issue and no job at this time.
    signed: Looking for a job but student loan appears to want me to be homeless.

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