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Saving Money & Making Extra Money

A friendly place to discuss tips on saving money, making money at home, and getting out of debt.

Tuesday, April 04, 2006

Are You Saving Enough For Retirement?

According to a new study by the Employee Benefit Research Institute, about 68 percent of Americans are confident they will be able to retire comfortably.

But is this confidence warranted? With American savings almost non-existent, rising heath-care costs, questions about Social Security, and pension plans going the way of the dinosaurs, many people could be in for a rude awakening.

The study is an interesting contrast between perception and reality and it also demonstrates the overall lack of financial literacy in the US.

More details can be read here...

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