By
updated 8/12/2013 9:17:55 AM ET 2013-08-12T13:17:55

The good news: Most Americans have a savings account. The bad news: It's not enough.

According to data compiled by independent research firm Next Advisor , 25 percent of U.S. families reported having no savings at all in 2012, and 40 percent say that they are not saving for retirement.

The average household debt in the U.S. is about $117,000, according to the findings, while the average savings account balance for those who are managing to save is $3,800. What's more, it's difficult for that savings to grow, since the average annual percentage yield for savings accounts is a paltry 0.01 percent.

For more stats on U.S. savings take a look at the infographic below.

 

 

Copyright © 2013 Entrepreneur.com, Inc.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.61%
$30K home equity loan FICO 4.71%
$75K home equity loan FICO 4.26%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 12.56%
12.56%
Cash Back Cards 17.57%
17.42%
Rewards Cards 16.95%
16.87%
Source: Bankrate.com