The Huffington Post has published a blog post by Barry Koslow in which he reviews the rises and falls of the savings history of Americans – from the early industrial era to the Great Depression, to our more recent economic meltdown – and tells readers that personal responsibility is essential to ensuring that we won’t outlive our resources in retirement.
“Somehow, we must change this grim retirement cycle. Running up debts by turning our homes into piggy banks is not the way, nor is burning up our salaries while putting little aside for our ever-extending post-retirements,” he writes in the article. “Individuals must take it upon themselves to increase their savings.”
Click here to read the full article on the Huffington Post website.
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