By Brian Wolf
In today’s column, I’d like to talk about the lack of savings plans within American households.
According to the Center of Retirement Research, 53 percent of Americans households are “at risk” for not having enough money for retirement to maintain their standard of living. For all you non-math wizards, that’s more than half. Here is another mind-blowing statistic; more than a third of workers have less than $1,000 saved up for retirement (not counting pensions and home equity), while 60 percent have less than $25,000 saved up.
If you’re wondering how this can be, you’re not alone. Read more . . .