Lack of income is one of two main reasons more Americans don't save—this is the other. Shawn M. Carter ... Charles Schwab tracked how 1,000 Americans aged 21 to 75 handle their money and found that young people are better at managing their finances than Baby Boomers and those in Generation X. read more
But the poor can save more money, and it’s not offensive to suggest so. It’s clear that millions of lower-income people can collectively devote tens of billions of dollars to an investment vehicle that holds the promise of future wealth. read more
Read Why Small Retirement Savings Count.) The Bottom Line. Saving money is incredibly important. read more