The survey reveals 25% of women and 30% of adults aged 45-54 have no savings, compared to 17% of men.
Rising living costs are straining budgets, with 33% citing food as their biggest non-housing expense and 45% delaying major decisions due to insufficient savings.
Older Americans are more likely to have long-term reserves, while financial insecurity increasingly affects daily life, prompting CPAs to recommend automated savings and purposeful financial planning.
Why do millions of Americans have zero savings despite a majority actively saving?
Are traditional savings rules now obsolete for younger, financially-strained generations?
With rising inflation, are high-yield savings accounts a real solution or a temporary fix?
Is a $1.46 million retirement now an impossible dream for the average worker?
Will new government-backed savings accounts for children finally close the wealth gap?
Is expert financial advice becoming a luxury only the wealthy can truly afford?