Americans 'need a wake-up call' when it comes to their finances via YahooFinance
As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question.
‘I really want to encourage college students to avoid this trap’According to a recent survey conducted by Freedom Debt Relief, 41% of Americans have not set aside any money at all for retirement. The main reason indicated was due to the cost of everyday expenses. ‘Any kind of debt is a threat to your future’Yahoo Finance previously reported how 25% of Americans surveyed in December 2018 expect to die in debt. Additionally, 41% of people don’t know when they’ll pay off what they owe, and 65% of adults with debt don’t know when or if they’ll get out of it.
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