Most of Us Can’t Save Enough, Says New Poll

A poll by Bankrate.com finds “that 68% of Americans are unable to reach their monthly retirement savings goal. The survey, conducted by GfK Roper, found that Americans appear to be skirting the issue of retirement savings. More than half of the respondents (54%) find themselves at least sometimes avoiding news or information about how much they need for retirement. Three in ten (28%) said they always or often avoid news on the subject.”

I can easily understand that people are not saving for retirement given that they don’t seem to save for anything else. That said, it’s just foolish to ignore the financial necessities of life.

It doesn’t matter whether people plan for retirement or not, the bills will still be there. The question is what kind of life you want to lead in the future. It’s not enough to just have social security.

Nobody likes to discuss hard subjects, and as we get older some issues become easier while others surely become more difficult. It makes sense to think about retirement as soon as possible because even small rates of return over long periods can produce substantial appreciation and revenue. With dollars in your pocket you have more options to do the things you want — or maybe not do anything.

This entry was posted on Thursday, October 4th, 2007 at 5:36 am and is filed under Reverse Mortgage . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.