84% of Americans are struggling to save for retirement
USA Today argues that this is all about student debt. That’s part of the equation but it certainly isn’t close to the whole equation. That the Federal Reserve erodes the value of money and denies saver any return is the (much) bigger issue.
(From USA Today)
…those sitting on credit card debt often opt to pay off their balances before funding a nest egg in an effort to avoid exorbitant interest charges.
But a new study by TIAA uncovers a disturbing trend on the retirement savings front: An estimated 84% of Americans say that outstanding student debt is hurting their ability to sock away money for their golden years.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/08/84-of-americans-are-struggling-to-save-for-retirement/
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