Why We’re Saving: Then vs. Now
Reason for saving
| Reason for Saving | 1998 | 2001 | 2004 | 2007 | 2013 |
|---|---|---|---|---|---|
Education | 11 % | 10.9 % | 11.6 % | 8.4 % | 7.6 % |
For the Family | 4.1 % | 5.1 % | 4.7 % | 5.5 % | 6.8 % |
Buying Own Home | 4.4 % | 4.2 % | 5 % | 4.2 % | 5.5 % |
Purchases | 9.7 % | 9.5 % | 7.7 % | 10 % | 8.3 % |
Retirement | 33 % | 32.1 % | 34.7 % | 33.9 % | 37.3 % |
Liquidity | 29.8 % | 31.2 % | 30 % | 32 % | 31 % |
Investments | 2 % | 1 % | 1.5 % | 1.6 % | 1.1 % |
No Particular Reason | 1.3 % | 1.1 % | .7 % | 1.1 % | 1.2 % |
I Do Not Save | 4.9 % | 4.9 % | 4 % | 3.3 % | 3.9 % |