It’s no secret, so let’s just say it: We absolutely stink at saving money. Among developed countries, Americans have one of the lowest personal saving rates. According to the St. Louis Federal Reserve, as of July 2017, Americans were socking away just 3.5% of their disposable income, or $3.50 out of every $100 they earned, which is well below the 10% to 15% of earned income that financial advisors recommend workers put away for retirement and an emergency fund.