Save Yourself!

A recent article in Employee Benefit Magazine stated:

 46% of Americans have less than $10,000 saved for retirement.
 40% of baby boomers now plan to work until they die.
 36% of Americans say they don’t contribute anything at all to their savings.
 87% of adults say they are not confident about having money for a comfortable retirement.

According to the Federal Reserve Bank of St. Louis, the American savings rate ticked along this past May at 4.5%. We collectively save less than five cents of every dollar earned.

 

Source: Craig J. Davidson, ebn.benefitsnews.com, July 15, 2014

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