Salient to Investors:
Matt Fellowes, formerly with Brookings, said:
- 64 percent of 401(k) plan participants are accumulating debt faster than they are accumulating savings.
- For half of the 401(k) marketplace, 96 percent of the participant’s balance is a function of their contributions and employer matches, and only 4 percent is investment returns.
- Generally speaking, people are spending too much today and saving too little for tomorrow.
- 84 percent of the US population does not have 3 or more months of income saved in a liquid account.
Read the full article at http://www.bloomberg.com/news/2014-01-28/the-mirage-of-success-shimmering-in-your-401-k-.html
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