cwerdna
Well-known member
Today on NBR (and apparently elsewhere in the press), there was coverage on fairly shocking, but unfortunately, not too surprising numbers re: retirement savings.
http://www.youtube.com/v/c51uLZQbz2k" onclick="window.open(this.href);return false; - you can skip ahead to the 1 minute mark
Some stats from the story:
36% of Americans have less then $1K saved
60% have less than $25K saved
44% have calculated their retirement needs
I've heard other similarly distressing stats before such as http://money.cnn.com/2012/05/10/retirement/saving-retire/index.htm?hpt=hp_t2" onclick="window.open(this.href);return false; mentioning "About 49% of Americans say they aren't contributing to any retirement plan" and "People ages 18 to 34 are the least likely to be saving, with 56% reporting that they are not currently contributing to a retirement plan like an IRA or a 401(k). "
http://money.cnn.com/2013/06/24/pf/emergency-savings/" onclick="window.open(this.href);return false; says
Seems some people are outliving their means and overspending...
http://www.youtube.com/v/c51uLZQbz2k" onclick="window.open(this.href);return false; - you can skip ahead to the 1 minute mark
Some stats from the story:
36% of Americans have less then $1K saved
60% have less than $25K saved
44% have calculated their retirement needs
I've heard other similarly distressing stats before such as http://money.cnn.com/2012/05/10/retirement/saving-retire/index.htm?hpt=hp_t2" onclick="window.open(this.href);return false; mentioning "About 49% of Americans say they aren't contributing to any retirement plan" and "People ages 18 to 34 are the least likely to be saving, with 56% reporting that they are not currently contributing to a retirement plan like an IRA or a 401(k). "
http://money.cnn.com/2013/06/24/pf/emergency-savings/" onclick="window.open(this.href);return false; says
Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.
...
Last week, online lender CashNetUSA said 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, while 46% had less than $800. After paying debts and taking care of housing, car and child care-related expenses, the respondents said there just isn't enough money left over for saving more.
Seems some people are outliving their means and overspending...