Duhhh....there’s no incentive to save with next-to-zero interest earned on savings.
Obama’s America: people are poor.
More propaganda for the Theresa Ghilarducci “safe, secure, Federal pension plan” wet dream.
Any more than that then der 0berFuhrer Hussein 0bama and der ReichFuhrer Harry Reid, will seize it for wealth redistribution!
Bet most of them have cable and big screen TVs.
Paying the ol’ healthcare deductible could be challenging. ...
I wonder what the average “debt” would be.
lol Sure.....
....If you live in DC/Northern VA, Manhattan, or Silicon Valley.
Regarding the low savings rate, which I'm a little surprised it's as high as they claim, conditions couldn't be worse for people looking to save money. We have stagnant to falling wages, less jobs, higher cost of living, and interest rates for savings accounts are a joke. Even many of those that DO have decent paying jobs are living paycheck-to-paycheck, and or mired in debt as far as the eye can see. The only advantage of keeping funds in a bank over a mattress is physical security, and even THAT concept can be a bit dubious in some situations.(see Corzine)
That $2500/year windfall everyone got from O’care will fix that. (scriggly S)
I just love these people who claim that we’re not saving enough.How the Hell do they expect you to save when this government continues to increase the cost of energy,food and healthcare?
Then on the State and local levals they increase your sales taxes utility taxes,property taxes and such.It can’t be done.
One thing us sure I refuse to work a sixteen hour day so the government can steal more of my hard earned income.
I have about $7K in the bank but with prices and uncertainty the way they are it feels like next to nothing.
Savings and retirement savings are two totally different things! We have both as long as we have work. Thanks, Dave Ramsey!
when the next shoe falls on this economy it will be great depression 2.0
I have been preparing for this for 5 years now.
Okay, that immediately set off alarm bells for me.
...employees who participate or have the option to participate in retirement plans, says they just are not doing enough. Many metrics of the population as a whole have improved, but a whopping 36% of workers said they have less than $1,000 in savings. That figure was 28% in 2013.
Do you see the disconnect here? First, we are supposed to have recovered "handily" from the Obama disaster, but we're not doing enough to save!
Has the author gone to a grocery store since Obama took office? Has the author put gas in his car since Obama took office? Could there be a correlation and an ensuing causation between the Obama "recovery" and people using every means available to them to keep afloat? And now Obamacare expect people to fork over $1,500 a month for a bronze plan?
What the heck is the author talking about! Did he do any research beyond the DNC talking points that he was given in advance of this article? Did Media Matters pen this?
That may be true for some Americans, but on average American have an average net worth of almost $260,000, just about equal to the all time high in 2008 even after correcting for inflation. This topic is short on facts and long on feeeeelings.
Can we quit using the term “workers?” It’s a Marxist term.
Who wrote this?
Do they not understand wages have been stagnate for 15+years, hours slashed, jobs lost, while the price of near everything has doubled?
Did they expect most Americans to save money?
How stupid is this?
A few pallets of ammo might prove a profitable investment.
There’s still a little blood in the turnip and this money will be used to pay your Obamacare premiums.
I know lots of people with nothing in the bank - many had to clean out their 401K’s to stay alive. Besides, where is the incentive to save when you get no interest for it?