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Chart of the Day: Americans Trust Savings Account

 Bar chart showing the percentage of 8,600 U.S. respondents between the ages of 18-65 who use or own financial products.

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Today’s Chart of the Day from Statista's, Americans Trust the Savings Account, shows that Americans overwhelmingly favor savings accounts, with 45% of respondents reporting that they own or use one. Their popularity likely comes down to simplicity, safety, and easy access to cash when needed.

What’s notable is that fewer than 30% of respondents own equity investments such as stocks or mutual funds. Despite the long-term wealth-building potential of equities, many Americans appear to be approaching savings differently.