As I talked about in the article 56% Of Americans Have Less Than $10,000 Saved For Retirement, 56% of Americans have less than an average of $10,000 in retirement savings and 33% have no retirement savings at all.
This is a very scary statistic, especially considering how important saving for retirement and investing both are!
Even though prioritizing your future is important, the average person is behind when it comes to saving for retirement.
Saving for retirement now is important for many reasons, such as:
- It can help make sure you aren't working for the rest of your life.
- You can retire sooner rather than later.
- You can lead a good life well after you finish working.
- Compound interest means the earlier you save the more you earn.