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Archive for April, 2019

Money Diaries

April 5th, 2019 at 03:07 pm

I love readings money diaries from Refinery 29. Check them out at:

https://www.refinery29.com/en-us/money-diary

Retirement Savings Article

April 3rd, 2019 at 09:23 am

The GAO has released a report on the rate of retirement savings at the request of Bernie Sanders. It's still shocking to me no matter how many times I read pretty much the same thing.

https://www.gao.gov/assets/700/697898.pdf

The numbers don't quite match up, I calculated 101% with the percentage breakdown. Savings rates have slightly improved, but still, what is to be done? More personal finance education for children? Is it a lack of education or a lack of income? Probably both. When you consider that this survey is for Americans 55 and older, the picture gets even scarier.