Salient to Investors:

Sean Williams writes:

  • FRB of St. Louis reports the US personal savings rate averaged 4.8% in June, 2015, no change from a year ago. The OECD reports the rate in 2011 for Germany was 11.4% and for France 16%.
  • Hearts & Wallets reports that in 2014, 45% of surveyed households set aside money for unexpected expenses. 56% of households participated in employer-sponsored retirement plans (ESRPs). 22% of savings went into ESRPs. In 2013, 37% of surveyed households set aside money for unexpected expenses. 60% of households participated in employer-sponsored retirement plans, and 29% of savings went into ESRPs.
  • Financial Engines found that 25% of all workers insufficiently contributed to their ESRP to earn full matching funds from their company. 25% of ESRPs don’t match funds.

Read the full article at http://www.fool.com/retirement/401k/2015/08/08/no-joke-american-workers-are-leaving-24-billion-in.aspx

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