jump to navigation

August 31, 2015

Posted by forwardfinancialplanning1 in Retirement Savings.
Tags:
trackback

There’s a biblical question, “Am I my brother’s keeper?”   And  while the spiritual learning intended from this question is aimed at pointing out the need to help our fellow man, I’m not sure that we’re supposed to help those that won’t help themselves.  Some discouraging statistics from Nielson Global Consumer Insights: (1) One out of four families making more than $150k per year lives “paycheck-to-paycheck”.  (2) The corresponding ratio is 1 out of 3 for annual incomes between $50K and $100k.  (3) The ratio is 1 out of 2 for incomes below $50k.

And we don’t stack up well versus the rest of the world as 22% of American households have no spare cash.  This percentage is 21% in the Middle East, 20% in Europe, 15% in Latin America and 8% in Asia Pacific.  There’s a truism that “nobody will care more about your money than you will.”  But, it appears that many Americans think somebody else is going to handle the job for them……………..

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: