September 28, 2012
Is there a silver-lining to all of the economic turmoil Americans have faced in the past few years? One could argue that it taught younger Americans an important lesson – save! A recent Wall Street Journal article underscores this point, noting that as their parents lost jobs and homes and delayed retirement, these children are—in turn—boosting savings, cutting spending, and planning for retirement. According to a survey by TD Ameritrade, while 46% of people aged 48 to 66 have regular savings plans, the figure is nearly 60% for those aged 23 to 47. Read full blog post here.