{"id":280,"date":"2025-09-05T21:24:00","date_gmt":"2025-09-05T21:24:00","guid":{"rendered":"https:\/\/good-worldwide.go-vip.net\/upworthy\/2025\/09\/05\/middle-class-savings-ex1\/"},"modified":"2025-09-05T21:24:00","modified_gmt":"2025-09-05T21:24:00","slug":"middle-class-savings-ex1","status":"publish","type":"post","link":"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/","title":{"rendered":"Middle-class families share how much they have in their savings accounts and it&#8217;s eye-opening"},"content":{"rendered":"<p>According to an <a href=\"https:\/\/news.gallup.com\/poll\/645281\/steady-americans-identify-middle-class.aspx#:~:text=WASHINGTON%2C%20D.C.%20%2D%2D%20Fifty%2Dfour,themselves%20as%20%E2%80%9Cupper%20class.%E2%80%9D\" rel=\"noopener noreferrer\" target=\"_blank\">April 2024 Gallup poll,<\/a> 54% of Americans identify as part of the middle class, with 39% identifying as <a href=\"https:\/\/www.upworthy.com\/hypnotic-video-of-a-day-in-the-life-of-a-middle-class-man-causes-debate-on-the-9-to-5-life\" target=\"_self\">&#8220;middle class&#8221;<\/a> and 15% identifying as <a href=\"https:\/\/www.upworthy.com\/middle-class-kids-at-risk\" target=\"_self\">&#8220;upper-middle class.&#8221;<\/a> That percentage has held fairly steady for years, but what it feels like to be a middle-class American has shifted for many.<\/p><p>Notably, <a href=\"https:\/\/www.upworthy.com\/were-not-living-we-are-surviving-inflation-is-making-people-rethink-consumer-culture\" target=\"_self\">inflation<\/a> caused by the pandemic has hit middle-class families hard, with incomes not keeping up with cost-of-living increases. <a href=\"https:\/\/www.upworthy.com\/why-millennials-cant-afford-to-buy-a-house\" target=\"_self\">Housing costs have skyrocketed<\/a> in many areas of the country, <a href=\"https:\/\/www.bankrate.com\/mortgages\/historical-mortgage-rates\/#rates-over-time\" rel=\"noopener noreferrer\" target=\"_blank\">mortgage interest rates<\/a> have risen to levels not seen since the pre-Obama era, and grocery bills have increased significantly. <a href=\"https:\/\/www.jec.senate.gov\/public\/index.cfm\/republicans\/state-inflation-tracker\" target=\"_blank\">One government study found<\/a> that the cost of living has increased between around $800 and $1,300 a month, depending on the state, since 2021, putting a squeeze on everyone, including the middle class.<\/p><h2>How much money do middle-class Americans have in their savings accounts?<\/h2><p>One woman shared that her family is just getting by and asked other middle-class people to &#8220;chime in&#8221; with what they have in their savings accounts.<br \/><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-tiktok wp-block-embed-tiktok\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"tiktok-embed\" cite=\"https:\/\/www.tiktok.com\/@abbyy..rosee\/video\/7391948153743854878\" data-video-id=\"7391948153743854878\" data-embed-from=\"oembed\" style=\"max-width:605px; min-width:325px;\"> <section> <a target=\"_blank\" title=\"@abbyy..rosee\" href=\"https:\/\/www.tiktok.com\/@abbyy..rosee?refer=embed\">@abbyy..rosee<\/a> <p>somethings gotta give <a title=\"savings\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/savings?refer=embed\">#savings<\/a> <a title=\"middleclass\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/middleclass?refer=embed\">#middleclass<\/a> <a title=\"relatable\" target=\"_blank\" href=\"https:\/\/www.tiktok.com\/tag\/relatable?refer=embed\">#relatable<\/a> <\/p> <a target=\"_blank\" title=\"\u266c original sound - abby rose\" href=\"https:\/\/www.tiktok.com\/music\/original-sound-7391948234144385822?refer=embed\">\u266c original sound &#8211; abby rose<\/a> <\/section> <\/blockquote> <script async src=\"https:\/\/www.tiktok.com\/embed.js\"><\/script>\n<\/div><\/figure>\n<p>&#8220;I swear, every paycheck I am putting money into my savings, but needing to transfer it back within a few days,&#8221; shared <a href=\"https:\/\/www.tiktok.com\/@abbyy..rosee\/video\/7391948153743854878\" rel=\"noopener noreferrer\" target=\"_blank\">@abbyy..rosee on TikTok<\/a>. &#8220;My registration is due. My husband&#8217;s registration is due. He needed two new tires, even though they had a warranty. That&#8217;s $300. My oldest needs braces, he needs a palate expander, that&#8217;s $120 a month. Not to mention groceries are $200 more a week. Forget about feeding your family great ingredients because who has $500 a week to spend on perfect ingredients to feed your family?&#8221;<\/p><p class=\"shortcode-media shortcode-media-rebelmouse-image\">        <figure class=\"rkv-rebelmouse\"><img decoding=\"async\" src=\"https:\/\/good-worldwide.go-vip.net\/qa-upworthy\/wp-content\/uploads\/sites\/5\/2025\/09\/origin-34841.png\" alt=\"middle class, cash, savings, family finances, dollar bills, \" \/><figcaption>A depressed couple doing their bills.  <a href=\"https:\/\/www.canva.com\/photos\/\" rel=\"nofollow\">via Canva\/Photos<\/a><\/figcaption><\/figure>                        <\/p><p>She explained that her husband makes enough money that they should be able to live comfortably, and that she quit her job because the cost of daycare was more than she was making.<\/p><p>&#8220;At some point, something has to give,&#8221; she said. &#8220;What is going on? How do I save money?&#8221;<\/p><p>People in the comments chimed in with their savings account totals and it was quite eye-opening. Many people shared that they have $0 saved.<\/p><p><em>&#8220;We make the most money we ever have and have zero savings. We live paycheck to paycheck and every month I don\u2019t know how we get by.&#8221;<\/em><\/p><p><em>&#8220;I think the middle class is 1 personal disaster away from bankruptcy.&#8221;<\/em><\/p><p><em>&#8220;Y\u2019all got savings accounts?!?!  &#8220;<\/em><\/p><p><em>&#8220;I used to freak out if I had under $10k in savings, now I\u2019m happy when I have over $150.  &#8220;<br \/><\/em><\/p><p><em>&#8220;We make almost 100,000 a year with no savings!!!! It&#8217;s always something!!&#8221;<\/em><\/p><p><em>&#8220;I&#8217;m lucky if we have $500-$1K for an emergency. Every single time we start saving, something happens: the vet, the cars, the kids&#8230; something.&#8221;<\/em><\/p><p><em>&#8220;Savings account? I transfer money each paycheck but always end up needing to transfer it back. My husband makes great money too but we are scraping by.&#8221;<\/em><\/p><p><em>&#8220;$803 but we have to pay a $750 deductible this week b\/c my Husband hit a deer soooo\u2026 back at it   It\u2019s exhausting. Constantly draining it, refilling it, transferring.&#8221;<\/em><\/p><p><em><br \/><\/em><\/p><p class=\"shortcode-media shortcode-media-rebelmouse-image\">        <figure class=\"rkv-rebelmouse\"><img decoding=\"async\" src=\"https:\/\/good-worldwide.go-vip.net\/qa-upworthy\/wp-content\/uploads\/sites\/5\/2025\/09\/origin-34842.png\" alt=\"middle class, cash, savings, family finances, dollar bills, \" \/><figcaption>An upset couple doing their bills.  <a href=\"https:\/\/www.canva.com\/photos\/\" rel=\"nofollow\">via Canva\/Photos<\/a><\/figcaption><\/figure>                        <\/p><p>Some people shared that they do have some savings, but several said it was because they&#8217;d had an inheritance or other chunk of money come their way. Many people shared that their savings has dwindled as increased costs have taken their toll. Some people gave lifestyle advice to save money, but most agreed that just the basics have gotten so expensive it&#8217;s harder to make ends meet much less put extra into savings.<\/p><p>Thankfully, the <a href=\"https:\/\/www.marketwatch.com\/story\/waller-says-fed-is-getting-closer-to-cutting-interest-rate-as-inflation-slows-43c93323\" rel=\"noopener noreferrer\" target=\"_blank\">inflation issue appears to be waning<\/a>, but even just plateauing at their current financial reality isn&#8217;t ideal for many American families. Middle class is supposed to be a comfortable place to be\u2014not rich, but well enough off to feel secure. That&#8217;s not how many middle class folks feel, though. Most Americans <a href=\"https:\/\/www.cnn.com\/cnn-underscored\/money\/average-savings-by-age#:~:text=How%20many%20Americans%20have%20%24100%2C000,Reserve%20and%20other%20government%20agencies.\" rel=\"noopener noreferrer\" target=\"_blank\">don&#8217;t have anything close to the amount of money saved<\/a> that is recommended across the age spectrum, but at least hearing that others are in the same boat is somewhat comforting.<\/p><p class=\"shortcode-media shortcode-media-rebelmouse-image\">        <figure class=\"rkv-rebelmouse\"><img decoding=\"async\" src=\"https:\/\/good-worldwide.go-vip.net\/qa-upworthy\/wp-content\/uploads\/sites\/5\/2025\/09\/origin-34843.png\" alt=\"middle class, cash, savings, family finances, dollar bills, \" \/><figcaption>An upset couple doing their bills.  <a href=\"https:\/\/www.canva.com\/photos\/\" rel=\"nofollow\">via Canva\/Photos<\/a><\/figcaption><\/figure>                        <\/p><p>Further, a 2024 study found that 37% of Americans can&#8217;t afford an unexpected expense over $400, and nearly a quarter of them don&#8217;t have any emergency savings at all. \u201cNot all surprises are good, and people know it. The study suggests financial precarity at a time when household finances may be stretched due to rising prices and inflation,\u201d <a href=\"https:\/\/www.empower.com\/press-center\/37-americans-cant-afford-emergency-expense-over-400-according-empower-research\" target=\"_blank\">says Rebecca Rickert,<\/a> head of communications at Empower. \u201cLife happens, and people are stressed about the surprise expenses that could tip them off-balance.\u201d<\/p><p>It can be vulnerable to share your financial reality, but it&#8217;s helpful to hear what other people are doing and dealing with so we all feel less alone when we&#8217;re struggling. Perhaps if people were more open about money, we&#8217;d all be able to help one another find ways to improve our financial situations rather than lamenting our empty savings accounts and wondering how to change them.<\/p><p><em>This article originally appeared last year.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p><em>&#8220;We make the most money we ever have and have zero savings. We live paycheck to paycheck and every month I don\u2019t know how we get by.&#8221;<\/em><\/p>\n","protected":false},"author":9,"featured_media":188170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"alternative_headline":"","alternative_description":"","alternative_featured_image":0,"rkv_announcement":{"visible":true},"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"partner_boost":false,"hide_partner_badge":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[208,382,146],"tags":[135,811,812,813,814,815,816,817,818,819,194,820,821,128,822,823],"sponsor":[],"rkv-people-shadow":[149,216],"class_list":["post-280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-family","category-modern-families","category-popular","tag-popular_source-pageview","tag-bank-accounts","tag-bankruptcy","tag-class-in-america","tag-daycare","tag-emergency-funds","tag-financial-reality","tag-grocery-bills","tag-grocery-costs","tag-how-much-money","tag-inflation","tag-middle-class-americans","tag-middleclass-families","tag-money","tag-savings-accounts","tag-uppermiddle-class"],"edit_link":null,"apple_news_notices":[],"rkv_author":{"id":149,"name":"Parker Molloy","display_name":"Parker Molloy","first_name":"","last_name":"","nickname":"","url":"https:\/\/goodinc.com\/qa-upworthy\/author\/parker-molloy\/","link":"https:\/\/goodinc.com\/qa-upworthy\/author\/parker-molloy\/","description":"<p>Parker Molloy is a feminist who cares a lot about culture, politics, media, and the Chicago Cubs. She enjoys taking naps and spending too much time on social media. She lives in Chicago with her wife. You can find her on <a href=\"http:\/\/twitter.com\/parkermolloy\" target=\"_blank\">Twitter<\/a> or <a href=\"http:\/\/facebook.com\/parkermolloy\">Facebook<\/a>, if either is your jam. <\/p>","slug":"parker-molloy","avatar_urls":[],"email":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Middle-class families share how much they have in their savings accounts and it&#039;s eye-opening - QA Upworthy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Middle-class families share how much they have in their savings accounts and it&#039;s eye-opening\" \/>\n<meta property=\"og:description\" content=\"&quot;We make the most money we ever have and have zero savings. We live paycheck to paycheck and every month I don\u2019t know how we get by.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\" \/>\n<meta property=\"og:site_name\" content=\"QA Upworthy\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-05T21:24:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/goodinc.com\/qa-upworthy\/wp-content\/uploads\/sites\/5\/2025\/09\/origin-34844.png\" \/>\n\t<meta property=\"og:image:width\" content=\"892\" \/>\n\t<meta property=\"og:image:height\" content=\"591\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Parker Molloy, Mark Pygas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Parker Molloy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\"},\"author\":{\"name\":\"Danny Cohen\",\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/#\/schema\/person\/00e013a2a0dd699bca424f4bfc4eea58\"},\"headline\":\"Middle-class families share how much they have in their savings accounts and it&#8217;s eye-opening\",\"datePublished\":\"2025-09-05T21:24:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\"},\"wordCount\":880,\"image\":{\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/goodinc.com\/qa-upworthy\/wp-content\/uploads\/sites\/5\/2025\/09\/origin-34844.png\",\"keywords\":[\"~popular_source-pageview\",\"bank accounts\",\"bankruptcy\",\"class in america\",\"daycare\",\"emergency funds\",\"financial reality\",\"grocery bills\",\"grocery costs\",\"how much money\",\"inflation\",\"middle class americans\",\"middleclass families\",\"money\",\"savings accounts\",\"uppermiddle class\"],\"articleSection\":[\"Family\",\"Modern Families\",\"Popular\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/goodinc.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\",\"url\":\"https:\/\/goodinc.com\/qa-upworthy\/2025\/09\/05\/middle-class-savings-ex1\/\",\"name\":\"Middle-class families share how much they have in their savings accounts and it's eye-opening - 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