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The ‘Tiny House Movement’ and ‘Binge Saving’: The New Retirement
Retirement statistics. One out of five individuals near retirement, or between the ages of 55 and 64, have absolutely zero money saved, according to the Federal Reserve’s latest Report on the Economic Well-Being of U.S. Households. That’s 20 percent. Unfortunately, most people aren’t trying to figure out how much money they’ll need in retirement. About 36 percent of workers have less than $1,000 saved for retirement, according to a survey of 1,000 workers by Employee Benefit Research Institute and Greenwald and Associates, released in April. Are you one of those people who put retirement saving on the back burner? …Read More
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