Dog Bites Man: Americans Are Shortsighted About Their Finances

onsdag, 18 februar 2015

Americans need to save more on their own for retirement, but human nature suggests they will focus more on day-to-day financial needs.

Analysis of a recent survey confirms that a household’s level of financial satisfaction is tied more to short-term – rather than long-term – concerns. Even households that are in reasonable shape in the short term do not seem to focus more on distant concerns like retirement saving. And households that are more financially literate appear only modestly more attuned to long-term financial issues.