
© Thomas Born / Global Look Press
Despite a low unemployment rate and
increasing wage growth, Americans still aren't saving much. That's according to a
new survey from Bankrate.com, which found that
20 percent of Americans don't save any of their annual income at all and even those who do save aren't putting away a lot.
Only 16 percent of survey respondents say that they save more than 15 percent of what they make, which is what experts generally recommend. A quarter of respondents report saving between 6 and 10 percent of their income and 21 percent say they sock away 5 percent or less.
At this rate, many people could be setting themselves up to fall short in retirement, Bankrate warns.
"With a steady, significant share of the working population saving nothing or relatively little, it's virtually guaranteed that
they'll be unable to afford a modest emergency expense or finance retirement," says Mark Hamrick, senior economic analyst at Bankrate. "That amounts to a financial fail."
The economy might be prospering now, but that won't last forever: "The party has to stop sometime, and when it does, employers will lay off workers," the study says.
Comment: Due to the Syrian military's gains in Ghouta and the humanitarian corridors set up with the help of Russia, thousands of Syrians have been able finally to flee the area which has been under terrorist control for years.
Just as they did in Aleppo, the Russian military has been livestreaming the liberation. So while the UK plays toddler politics, Russia is busy doing actual work. The rest of the world may not be paying attention, but that doesn't stop the Russians from doing the right thing. And for that, people should be thankful.
As of today, 47,000 Syrians have managed to escape the terrorists occupying Ghouta and into safety: As for Afrin, as of today the Turks and their FSA allies have surrounded the YPG.