Why do we need a National Savings Day in U.S.?
We are a consumer driven society where no one is encouraged to save. Our savings and retirement plans are under funded. The future of social security is in question. College education and retirement homes are becoming unaffordable. Nobody can predict the future (or the future cost) of our healthcare. With the current status of our economy, this is precisely the right time for our families to become reacquainted with the fundamental concepts of saving and budgeting.
Join our petition to establish U.S. National Savings Day @ http://www.artofsaving.com/National_Savings_Day.asp.
Times are bleak for the U.S. consumers
- 40% of American families spend more than they earn
- Average U.S. household credit card debt is $8,299
- 53% of workers have not calculated how much they will need for retirement
- 8.5 million U.S. homeowners will default on their mortgages between 2008 and 2010. Roughly 5.2 million of them will lose their homes
- In 1984, as a nation, we saved 10.4% of our disposable income. In 2005, for the first time since the Great Depression, our national savings rate was negative (-0.5%)
www.ArtOfSaving.com – Personal Finance Social Network
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