General World News

Over half of the Americans who earn $100,000 or more have boosted savings during the pandemic

wealthy person

Summary List Placement

High earners are continuing to fare well during the pandemic.

Fifty-nine percent of those with a household income of $100,000 or more have increased their savings, a new MagnifyMoney study found. By comparison, only 28% of those earning less than $35,000 were able to save more. (The study surveyed 1,200-plus Americans in December.)

The savings cushion has created a sense of optimism for the six-figure households, 46% of whom think they’ll have more money in savings this time next year, per the survey. That compares to 28% of those making less than $35,000.

That’s likely because 41% details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com