However, Americans have decreased the percentage of savings allocated to retirement plans by seven percentage points to 22%. Americans have instead been increasing money that they save for emergencies.
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The annual household savings rate climbed to 5.5% last year, up nearly a full percentage point from 2013. So reports CNBC.
However, Americans have decreased the percentage of savings allocated to retirement plans by seven percentage points to 22%. Americans have instead been increasing money that they save for emergencies.