Money & Wealth1/8#21 / 57
What people over 60 say most: 'save more'
Foundation Regret·All ages
A year into retirement, the sixty-eight-year-old runs a calculator every night. Pension plus savings, minus his wife's clinic bills and the maintenance fees, leaves nothing. What he traded that money for in his forties was a new car and a summer camp abroad. His wife set down the grocery bag: "What's the point of saving now?" He had no answer. Asked about old age, Americans over sixty named this as their number one regret.
The top regret about retirement: 'I should have saved more money' — 45%.
— USA Today / National Association of Area Agencies on Aging survey, 1,000 adults 60+
TODAY’S PRACTICE
From this month, move ten percent out on payday before you see it.
#AutoSave#SaveTenPercent#Retirement
SOURCE
Herald Business (2014), reporting a USA Today survey
Read the original