Majority of Americans have les than $25k in savings

[jeffrey]

About 60 percent of U.S. workers said they have less than $25,000 in savings and investments, according to an Employee Benefit Research Institute survey...

“People get the fact they shouldn’t be optimistic, but instead of saying I’m going to save more today, they just say I’m going to defer my retirement age once I get to 65,” said Jack VanDerhei, EBRI’s research director and a coauthor of the study...

Many Workers Have Savings Below $25K: EBRI - Bloomberg

[Ochayebeers]

I hope they have bought an insurance policy to replace their earnings if they fall ill and can't work.

[BudgetSurgeon]

About 60 percent of U.S. workers said they have less than $25,000 in savings and investments, according to an Employee Benefit Research Institute survey...

“People get the fact they shouldn’t be optimistic, but instead of saying I’m going to save more today, they just say I’m going to defer my retirement age once I get to 65,” said Jack VanDerhei, EBRI’s research director and a coauthor of the study...

Many Workers Have Savings Below $25K: EBRI - Bloomberg

Yes, this ceases to amaze me, and is all a function of today's spending-first mentality, and is encouraged (or exacerbated) by the use of Credit Cards. Further, today's U.S. school systems fail miserably in that there is no mandatory "Finance 101" and "Budgeting 101" courses taught, which if it were up to me, should be started at the elementary school level. What are things going to be like in 20 years? It is hard to imagine.