After trading in our hard labor, skills, and time for money, we only manage to save 4.9% of our income, on average. In addition, only 50% of American actually save money. This ends up leading to situations where people have to borrow money for emergencies, and having to work in their golden years to pay the bills. Live frugal and save money, starting today.
Americans are some of the worst savers in the developed world.Americans don’t save much compared to several other countries, according to the monthly Global Finance Magazine, but those in the U.S. aren’t the worst savers the magazine tracked. Global Finance compared 25 different countries
Read Full Story: Why Americans are some of the world’s worst savers – MarketWatch