Trading company Scottrade says people aren’t saving as much as they admit they should.
A new survey of 1,000 people found “that while more than 60 percent of Americans recommend saving between 6 and 19 percent of their income annually for retirement, less than a third actually do.” It also found Americans spend more than a fifth of their income on mortgages and debt.
The survey was a follow-up to an annual one in January, so findings can be compared. And they show that more people are using smart saving strategies than in January 2011, but fewer than six months ago.
|Actions Americans are Taking to Reduce Financial Stress|
|January 2011||January 2012||June 2012|