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Best Advice for Financial Success
With Social Security on replacing about 40% of pre-retirement income and its long term financial health imperiled due to congressional inaction, saving money has never been more important. Katie Brockman reports on a survey from New York Life. The top five pieces of advice that Millennials say have led them to financial success are: 1. Don’t live beyond your means; 2. Create a budget and stick to it; 3. Establish a healthy emergency fund; 4. Save a portion of every bonus or raise at work; 5. Pay off your credit card balance each month. Read more details in Brockman’s article here.
AMAC supports Social Security PLUS, a game changer and essential in assisting the next generation and beyond to safeguard their futures. Social Security PLUS is in addition to, but not in any way a replacement of, traditional Social Security benefits. AMAC believes no one has more of a right to their own savings and for it to grow than the individual who earned and saved the money. To learn more about this exciting idea and AMAC’s plan to guarantee Social Security for all Americans, click here.