Sunday, August 14, 2011

85% of Americans Are Financially Unprepared

85% of Americans are unprepared financially for retirement or economic calamity. They have no savings. Those who did manage to put some cash away are watching their savings diminish by inflation, taxes and fees. Many are depending on Social Security, Medicare and Medicaid to help them make ends meet. The fact is that most of these programs are under funded and will not be available in the future. That should not be a surprise.

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