Americans are woefully unprepared for retirement, a recent TD Ameritrade survey found. Nearly half of people surveyed who are in their 40s had already drawn from their retirement funds, and two-thirds of people in that age bracket had less than $100,000 set aside. Approximately 20% of people in their 70s had less than $50,000 saved. Across the board, nearly everyone is skeptical about whether Social Security will be there for them in the long term. And as people the world over are struggling to understand and prepare for the potential financial impacts of the coronavirus outbreak, those fears are more widespread than ever.
That’s why maximizing savings is so critical, experts say, and every little bit counts, particularly in the midst of financial uncertainty.
How to Save Money Every Week
Before attempting to reduce your expenses, it’s important to fully understand what, exactly, those expenses are. Bruce McClary, vice president of communications at the National…