Did you know it’s America Saves Week? Is your family planning to participate?
In 1975, the average American squirreled away 17% of his take-home pay. In the four decades since, that number has plummeted to 6%, according to the Federal Reserve.
For most, that’s not nearly enough to plan for retirement or cope with a financial emergency, say experts. That’s why this month, more than 1,000 organizations across the country are banding together for America Saves Week, which runs from February 22 to 27.