Make Lifelong Savings a Habit

13. July 2011

Last month, AARP released the fact sheet

How Many Older Americans Live: Ten Facts to Consider. The piece focuses on the lack of savings among Americans over 65.

Here are some of the more shocking findings from the piece:

• One in six lives in poverty.

• More than half pay more than $3,103 out of pocket on health care each year.

• Three out of five families headed by a person 65 or older had no money in retirement savings accounts.

• Nearly seven out of ten Medicare beneficiaries spent at least 10 percent of their income on health care expenses.

These findings only reinforce the message that everyone needs to make saving a lifelong habit. With people living longer, it is more important than ever to start saving for retirement at a young age. If you are closer to retirement and don’t have enough retirement savings, then try to make saving for retirement a priority. Click here for savings tips to help you save more.

America Saves can help you reach your savings goal, enroll today.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Annie Cromwell | March 13, 2014

    Your tax time bond will earn interest for up to 30 years. http://ow.ly/rrBJe

Share Your Tip or Story

If we feature you in our Newsletter you get $25.

Share

Saver Stories View all »

Coping with a Lost Job

Written by Katie Bryan | October 28, 2013

Aimee Shaffer worked as a Public Service News Director for radio for years until one day her employer downsized the company, resulting in hundreds of lost jobs, including Aimee’s.

Read more...

Taking Steps toward Financial Fitness

Written by Tammy Greynolds | November 7, 2014

Nicky Vasquez learned about Virginia Saves when she attended her first class with Bank On Virginia Beach. The instructor shared how important it was to have a written savings goal, and the entire class joined Virginia Saves as the first step toward financial fitness.

Read more...

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Receive Updates

Sign up for Texts

Read more...

Sign up for Emails

Get Emails

Take the Pledge

Start Saving