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hand titleJoin Our Petition to Establish November 5th as U.S. National Savings Day

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Join 1,248 other Americans
by signing this petition to
establish November 5 as
U.S. National Savings Day!

andy 9/15/2015 09:40
Wisconsin, Waukesha
misslady1980 3/5/2015 10:54
Michigan, Wayne
MB 8/6/2013 18:34
California, Alameda
MLG 7/2/2013 13:53
Texas, Bexar
n/a 6/19/2013 09:55
Pennsylvania, Philadelphia
Chris 10/4/2012 17:08
Oregon, Multnomah
Tom Hoffman 7/21/2012 13:23
Nebraska, Lancaster
Kat Morris 6/15/2012 00:33
UK
Judi 5/24/2012 12:07
Maryland, Baltimore City
Jim Kaz 3/16/2012 02:32
California, San Francisco
Dana J. 10/19/2011 13:34
Georgia, Fayette
Milos Stamatovic 10/14/2011 10:58
Serbia
Kathy Hoen 7/22/2011 11:28
Michigan, Wayne
Jim 1/29/2011 22:35
Illinois, Cook
Diana Alvarado 1/23/2011 01:13
Texas, Hidalgo
Venkata Kolla 11/9/2010 22:56
Florida, Broward
Alan Kunski 11/9/2010 17:14
California, Orange
Dino Biorac 11/3/2010 20:26
California, Orange
Felipe 11/3/2010 14:43
California, San Diego
Ceca Perovic 10/27/2010 19:20
Serbia
Loss Mitigation Network 8/3/2010 14:34
California, San Diego
Angel Fenix 6/24/2010 19:58
California, San Diego
wgt 5/12/2010 13:05
West Virginia, Greenbrier
rsarver 4/30/2010 12:29
West Virginia, Greenbrier
Katrice Speight 3/1/2010 18:56
District of Columbia, District of Columbia
T. D. Moton 2/9/2010 16:36
Georgia, DeKalb
Carlos Ramirez 2/5/2010 10:26
California, San Diego
La Jolla Village Acupuncture 1/29/2010 12:18
California, San Diego
John Arnold 1/6/2010 10:18
Missouri, Jackson
Valence Lending 1/3/2010 15:48
California, Santa Clara
Join Our Movement
Sign the Petition

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November 5th
Personal Finance
Independence Day!
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What is National Savings Day?

Vote!National Savings Day is a day honoring saving, financial planning, debt reduction, and wealth accumulation. The main purpose is to encourage consumers to be aware of their saving and spending habits. Employers can also take an active participation by promoting personal finance education though training sessions, distribution of informative materials, or online seminars. On National Savings Day we should commit to save and live within our financial means. This could be as simple as making a lunch or coffee at home and depositing a few dollars to our savings jar. This could also be an excellent opportunity for to review our portfolio with our financial advisors, to create a family budget, to review and reduce some of our expenses, or to make a deposit to our (emergency) savings accounts.

Why do we need a National Savings Day in U.S.?

We are a consumer driven society where no one is encouraged to save. Our savings and retirement plans are under funded. The future of social security is in question. College education and retirement homes are becoming unaffordable. Nobody can predict the future (or the future cost) of our healthcare. With the current status of our economy, this is precisely the right time for our families to become reacquainted with the fundamental concepts of saving and budgeting.


Times are bleak for the U.S. consumers

  • 40% of American families spend more than they earn1
  • Average U.S. household credit card debt is $8,2991
  • 53% of workers have not calculated how much they will need for retirement2
  • 8.5 million U.S. homeowners will default on their mortgages between 2008 and 2010. Roughly 5.2 million of them will lose their homes3
  • In 1984, as a nation, we saved 10.4% of our disposable income. In 2005, for the first time since the Great Depression, our national savings rate was negative (-0.5%)4

According to a study released by Bankrate, Inc. in February 2008:

  • 66% of Americans say debt is often the result of unfortunate circumstances beyond a person's control, while 60% say it is usually the result of bad decisions
  • Americans have conflicting attitudes about debt. While 91% believe debt can be controlled by disciplined saving and spending, 72% also believe that debt is a part of modern life and difficult to avoid

Spread The Word
Sources: 1Federal Reserve; 2Social Security Administration; 3Moody's Economy.com; 4U.S. Department of Commerce
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