Globally the household savings rate varies significantly according to global finance magazine and Investopedia. the savings rate in Ireland is 22.8%, in Canada it is 15%, and in China, it is 44.9%. In the united states, the saving rate has been around 7.5% for years until 2020, the year of the pandemic, when savings jumped to 16.1%. finder.com states the median savings for American families is $4,830. If the average American couple should save at least $1.3 million for retirement, what percent has actually been saved on average to date?

Note: round to the nearest hundredth percent