Segment 1: Between a Rock and a Hard Place SEGMENT BEGINS AT 00:38 Economist Jerry Robinson provides his signature commentary on the momentous news stories that have been making waves in the financial world and shares profitable investment strategies, as well as...
47% DON’T SAVE ANYTHING
CHART: 47% of Americans Save Nothing
Behold the above grim chart, which highlights one of the most devastating economic trends facing America.
With nearly half of Americans virtually saving nothing, and with a Federal government that continues to take on more financial responsibilities than it can handle, America’s financial future is looking bleak.
Consider some of the shocking statistics that were included in a new report released by the National Institute on Retirement Security:
In summary, the report found that the typical American household was “further behind in retirement readiness in 2013 than in 2010 and 2007.”
It doesn’t take much of an imagination to see how this lack of savings is going to impact America (and future American taxpayers) in the years ahead.
What about you? Are you saving enough?
If you need help getting started, you can learn more about our own effective savings strategy here.
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Real-Time Market Update
(Courtesy of Finviz.com)
- SAUDIS LAUNCH WAR ON YEMEN. Saudi Arabia announced on Wednesday night that it had begun military operations in Yemen, launching airstrikes in coordination with a coalition of 10 nations. (NY Times)
- DRIVE FROM LONDON TO NYC?. Russia proposes world’s greatest superhighway. (CNN)
- SOLAR USAGE SOARS IN 2014. 2014 was the biggest year for solar power, ever. (Mother Jones)
- COSTA RICA GOES “OFF THE GRID”. Costa Rica is running without having to burn a single fossil fuel, and it’s been doing so for 75 straight days. (Quartz)