what percentage of americans are saving money 
in 2023 over a third 37 of americans could not cover a 400 emergency in cash or its equivalent a federal reserve report found this is the same as it was in 2022 but a bit higher than it was in 2021 32 in 2023 a similar percentage of people believed their retirement savings were on track 34 which was about the same in 2022 31 but lower than it was in 2021 40 1according to bankrate s annual emergency savings report over 27 of respondents had no emergency savings at all and about the same percentage 29 had some savings but less than 3 months worth of living expenses 16 had 3 to 5 months worth of living expenses and 28 had 6 months worth of living expenses or more the breakdown by age reveals that baby boomers had far more emergency savings than other generations almost half 46 of baby boomers had 6 months worth of living expenses or more compared to 25 of gen x 20 of millennials and 11 of gen z 2