More people say a savings plan isn't a top priority

  • Article by: Becky Yerak , Chicago Tribune
  • Updated: April 12, 2013 - 8:42 PM

To some Americans, physical fitness is more important than financial health. Most haven’t figured their retirement needs.

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smarterthanuApr. 13, 13 8:56 AM

This article is extremely confusing- the headline hints at looming disaster for unprepared future retirees, but then it leads off with results from a survey that only queried people that are doing well already and probably don't need to increase their saving rates. While I agree that probably most people are ill prepared for retirement, it would be more informative to profile people who are in middle age with little to no assets rather than people who are doing fine.

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jd55604Apr. 15, 13 1:42 PM

No surprises there. Our government is punishing savers through their artificially low interest rates and talk of raising capital gains taxes. They don't want you to save and invest. They want you to spend and take on more debt right now in hopes of reviving our stagnant economy.

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ciamanApr. 16, 13 2:46 PM

I agree with smartepthanu and Jd 55604 as to this article. It is dense and wanders off to some other place than where it started? Pensions are gone and all of us know it. Except for Mr. Hartrich whom somehow will get three~3~ pensions to live high on the hog. Most people are dying on the vine and their 401 K plans only give about 1 or 2 percent gains. At that rate, how many older people will ever get to live on? With their underwater mortages and giant debt, then how will their economy ever revise?? Not much chance of that people.

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mauianApr. 21, 13 1:08 PM

For the life of me, I simply cannot fathom why ANYONE would have a savings account. You get paid what, .2% interest and the banks are going to steal it anyway. Fed Governor Stien recently so much as said it: " First, and most obviously, one goal is to get to the point where all market participants understand with certainty that if a large SIFI were to fail, the losses would fall on its shareholders and creditors, and taxpayers would have no exposure" Important to note is once you deposit money in any US bank, you become an UNSECURED CREDITOR to the bank. http://www.federalreserve.gov/newsevents/speech/stein20130417a.htm

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