Release Date: March 31, 2021
Study: 51% of Americans Don’t Have an Emergency Savings Account
—First National Bank of Omaha’s 2021 ‘Financial Planning Survey’ Covers Stimulus Payments, Mental Health, Saving Habits—
OMAHA, Neb. March 31, 2021—First National Bank of Omaha (FNBO) today released the results of its 2021 Financial Planning Survey, which examines Americans' financial habits and priorities, plans for stimulus payments, impacts of finances on mental health, compares gender differences concerning finances and more.
According to the survey, 51% of Americans say they do not have an emergency savings account. In addition, only 25% of Americans say they keep and stick to their monthly budget.
“Events throughout the pandemic have brought attention to the roles of personal finance, savings and investing in our lives. While our survey points out common financial challenges many of us face, regardless of age, background or personal situation, there are steps each of us can take to improve our financial wellbeing. We encourage consumers to remain focused on their priorities and proactively create a plan that supports their financial goals,” said Sean Baker, executive vice president, Individual Customer Segment, FNBO.
Among the survey’s additional findings:
When asked to identify their top financial priority for 2021:
This is the latest survey in the Personal Finance and Consumer Spending Survey Series from FNBO.
This survey was conducted online using Survey Monkey among a national sample of 1,018 adults spanning across U.S. geographic regions and income levels. The survey sample was weighted to reflect the gender distribution and the age distribution across the 18-44 and 45+ age brackets in U.S. census data.
The articles in this blog are for informational purposes only and not intended to provide specific advice or recommendations. When making decisions about your financial situation, consult a financial professional for advice. Articles are not regularly updated, and information may become outdated.