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Workers who begin to save at age 20 would need to sock away $330 per month to reach $1.26 million, while people starting at age 30 would need to save $695 per month, according to Northwestern Mutual.—Aimee Picchi, CBS News, 18 Apr. 2025 The share of income that people sock away in savings rose to 4.6% last month — its highest level in eight months.—Scott Horsley, NPR, 3 Apr. 2025 Only able to sock away $20 to $30 a month right now?—Kamaron McNair, CNBC, 1 Apr. 2025 That’s according to data released Friday from the Commerce Department: Americans socked away money into savings, pulled back on discretionary purchases, and, when accounting for inflation, increased their spending ever so slightly after taking a breather in a frigid and post-holiday January.—Alicia Wallace, CNN Money, 28 Mar. 2025 See All Example Sentences for sock away
Word History
Etymology
from the practice of concealing savings in the toe of a sock
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