Americans’ Problem with Saving Money
American’s have grown infamous of late for neglecting their savings either completely or to such a degree to make no difference. 66% of Americans could not come up with $1000 in an emergency according to a recent study by Associated Press-NORC Center for Public Affairs Research. Unfortunately this also ties in to retirement. Americans are foregoing retirement savings and becoming reliant on Social Security benefits to fully support them. This is leaving many struggling as the average monthly benefit for Social Security is around $1300. For more information on this subject visit this article by Casey Dowd with Fox Business.