Thursday, June 23, 2011

Bad Economy is Bad for Retirement

The Daily Chronicle out of Dekalb, IL, has a good look today at how the bad economy is affecting Americans ability to save for retirement. There is some good news in that experts see younger people focusing on retirement. But there is also some bad news. Specifically more Americans dipping into their savings to make ends meet.

A great quote:
“[Retirement savings is] more and more of a concern. You’re not thinking about retirement at 65 when you’re worried about employment at 35."

The article is a good reminder of why public policy makers must do more to help make sure Americans have access to good, qualified financial advice and products.