TOP 15 REASONS AMERICANS EXCUSE FOR NOT SAVING ENOUGH FOR RETIREMENT

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Saving money is always better for your future. Post retirement, money is essential for health treatments and safety. If you have enough savings to spend after retirement, you do not have to depend on anyone. In spite of knowing all these, many Americans do not save money for the post retirement period. But what makes them do so? Let us find out the top fifteen excuses which Americans give for not saving enough for retirement-

1.The Increasing Cost of Living: With the increase in the price of various commodities, food, housing, etc. it becomes tough to sustain a decent lifestyle within one’s income. Saving for future is a luxury in this context- This is a very popular excuse given by most Americans to justify why they are not saving for retired life. However, this is not acceptable because if this is the case, they can use public transport instead of cars and live in a less expensive place. Also, they can reduce the number of hangouts and parties so that they can save more for the future.

young couple worried and desperate on money problems at home in

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