Study Finds 42% of Americans Fall Short on Retirement Savings
$10,000 used to be a lot of money. Today it barely buys one cheap used car. Or one basic, minor medical procedure. Or maybe a year’s worth of food and utilities. It doesn’t go that far. And, sadly, a new report finds that not-quite-half of all Americans do not even have $10K saved for their retirements. Not. Gonna. Make. It.
CNBC reports on the study and survey by Go Banking Rates. From young to old, Americans just are not saving their money. The top two reasons for the shortage are: 1) insufficient income, and 2) too many bills. We have to change this, folks. Preppers, especially, must learn to do better.