Financial Services » Banking » Saving for college in the U.S. | Reasons for saving in the U.S. 2017 by age

Reasons for saving money in the United States in 2017, by age

What are you currently saving for?

The data describes the reasons for saving money in the U.S. in 2017, by age. During the survey period, it was found that 47% of respondents aged 60 years and older were saving for retirement.

Rainy day fund/unexpected expenses	41	48	40
Retirement	25	47	47
Vacation	38	37	21
College costs for my kids	14	20	2
College costs for myself	21	5	0
Car purchase	33	24	14
Home purchase	27	17	5
Marriage	14	4	0
Birth of a child	13	3	0
Other	4	3	4
I’m currently not saving for anything	7	12	24

Reasons for saving money in the United States in 2017, by age

StatInvestor