Okay, so did you know that this is officially “America Saves Week’? This sobering statistic is why official weeks like this are needed to promote financial literacy and savings:
- National Savings Needs: Most Americans do not have adequate savings to meet major emergencies, let alone accumulate enough savings for retirement. The typical American household has less than $100,000 in net wealth, including home equity and 401k accumulations, and only about $10,000 in net financial assets. Lower income families have much fewer resources.
To learn more about America Saves Week click on the link: www.americasavesweek.org
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