Rich don't save either

HSBC reports that people with more than $250,000 in household income, who constitute the top 1.5% of U.S. households, report facing many obstacles when it comes to saving. The #1 answer for what prevents them from saving more: the need to pay everyday bills. Some interesting facts:

• The savings rate in the United States dipped to zero in 2005 and has even fallen into negative territory, the first time since the Great Depression.
• 49% of respondents with at least $250,000 in income aren't saving more because they simply "want some spending money."

"Savings can be a challenge at any stage of your life." "Regardless of your income, financial status, or age, saving does require a level of control and awareness."

"It seems that awareness dims, however, with the more money you earn. More people who earn between $50,000 and $100,000 save consistently than people who earn between $200,000 and $250,000 per year, according to HSBC."