Wake Up Call

This just in from the Employee Benefit Research Institute, an organization tracking average retirement savings trends of adult workers at various life stages. Their most recent findings provide an eye opening financial snapshot of millions of Americans.

Workers under age 35 have $6,000 or less in personal savings. Workers between the ages of 35 and 44 under $25,000 in savings. Workers ages 45-54 with $44,000 in savings. Baby boomers aged 55-64 with 65,000 in savings, and those 65 and older a meager $56,000 in savings. These numbers though alarming, provide added  incentive to save more for future financial security.

 

                                                              Roger L Caron