Palm Beach Research Group -- The Palm Beach Daily
Edited by J. Reeves | October 09, 2015 | Delray Beach, Fla.
I subscribe to this newsletter, I was a truck driver and saved,no drinking or gambling many years, but everyone has NOT planned ahead.
This may be the most disturbing chart on American prosperity today
The “home of the slave” is more like it...
MarketWatch, (a stock market news source), reports almost 2 in 3 Americans (62%) don’t even have $1,000 in savings.
Twenty-one percent don’t even own a savings account.
Seniors over 65 have the highest number of people with over $10,000 in savings (20%). Even so, almost half of them have nothing saved (or don’t own a savings account).
And 10.7% of seniors keep just enough cash to cover their savings’ accounts minimum-balance requirements.
As you can see below, the numbers get more depressing as you look at younger demographic groups...
