What is World Savings Day?
World Savings Day, on October 31st, raises public knowledge of the benefits of saving money. It's also a day to reflect on the impact that savings have on the global economy. The day is also known as World Thrift Day by some.
According to financial experts, you should have three to six months' worth of savings in your savings account. You should have $9,000 in savings if your monthly bills are $3000. It's even better if you have enough funds to cover six months of expenses. If you lose your career or your income, you won't have to worry so much if you lose your income. However, if you're like most Americans, you obviously don't have enough money in savings. According to the most recent estimates, 51% of Americans have less than three months' worth of emergency savings in their account. About 25% of those polled don't have any emergency funds at all.
Many people are going from paycheck to paycheck, which is one of the reasons for this. They don't have anything extra for savings after their monthly bills were paid. Some people simply spend too much money and live beyond their means. They may not worry a lot about their financial future.
There are some countries around the world that are doing a good job of saving money. These are the countries with the highest personal savings rates:: The following countries have the most personal savings include:: The countries with the largest savings accounts include::
