Once 65 was the start of Old Age. No longer. Check out this article by Fedsmith.com to see their take on the new situations that american workers face as they prepare for retirement.
Archive for August, 2005
August 4th, 2005
http://money.cnn.com/2005/08/02/news/economy/savings/index.htm?cnn=yes.
CNN reported yesterday that the household savings rate, a measure of
the percentage of their income that American households put away into
savings, has dropped to zero percent. While consumer spending is
continuing at a record pace, the analysts quoted claim that this is
simply a sign of problems ahead with the economy, as assets run out and
consumers have to slow their spending. The article blames, in
part, rising energy costs for the trend.
