How Can You Save More?
People are hardwired to value earning money more than saving it. A recent report shows that 26% of all workers have saved less than $1,000 for retirement and 64% have saved less than $100,000. In this episode, Mark Riepe talks with Carrie Schwab-Pomerantz about ways to overcome some common mental blocks to saving more—and to put savings on autopilot.
- You can read more about how much American workers have saved at the Employee Benefits Research Institute.
- The study “How Much Should People Save?” shows that more than half of workers are considered “at risk” of not being able to maintain their standard of living in retirement.
- See if you are on track to meet your savings goals with Schwab’s Savings Calculator.
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The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
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