With the average American saving less than 5% of their disposable income each month, it’s quite the feat to be saving 10% or more.
And yet 41% of workers across the tech world say they save at least 10% of their paychecks each month, according to the latest reading of an ongoing query by Comparably. More than 10,000 employees participated in the query.
The cities with the biggest savers
Seattle and San Francisco were the cities with the highest percentage of workers who saved 10% or more of their paycheck each month (66% and 65%). Nearly 40% of workers in each of those cities claim to save at least 20%.
Seattle
San Francisco
The higher the education, the higher the savings?
Workers who completed their bachelor’s degree, master’s or doctorate reported saving at least 10% or more at a higher rate than workers who completed only high school or some college.
Sampling:
High school
Bachelor’s
Savings overall
Fifty-one percent of workers in tech claim to be saving at least 10% of their paychecks, with half of them saving 20% or more. Twenty-three percent of workers in tech say they save 5%, 20% say they save “nothing,” and 6% say they spend more than they make.
The latest reading is as of Nov. 10.
