Day 17 – 83 days ’til spring

Today I present highlights from two separate articles published this month.  I’ll let you draw your own conclusions.

 Story #1

NBC News Business

 Was Christmas merrier-than-expected for retailers?

December 26, 2013

Sales during the 2013 U.S. holiday season grew from a year earlier as retailers used higher discounts and promotions to attract customers in a season with fewer shopping days, according to MasterCard Advisors. 

Total retail spending rose 3.5 percent, MasterCard Advisors said. 

The National Retail Federation in October forecast sales for the months of November and December to marginally increase 3.9 percent to $602.1 billion, from 2012’s actual 3.5 percent growth. 

http://www.nbcnews.com/business/was-christmas-merrier-expected-retailers-2D11805928

  Story #2

LA Times Business

Most U.S. workers unprepared to meet retirement expenses, survey says  By Stuart Pfeifer

December 4, 2013

More than half of U.S. workers aren’t saving enough money to be able to cover essential living expenses in retirement, according to a survey by Fidelity Investments.

The savings survey found that 55% of people will have trouble covering housing, healthcare and food expenses, Fidelity said.  The online survey of 2,200 households, performed from June through October, measured whether workers were on track to cover their estimated post-retirement expenses.

http://www.latimes.com/business/money/la-fi-mo-retirement-savings-us-workers-unprepared-20131204,0,3546713.story#axzz2ocxUocbo

 

Thursday = no-spend day #7

 

 

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One Response to Day 17 – 83 days ’til spring

  1. Mike angelini says:

    It will be interesting in 30 years when people my age (36) are trying to retire. Many will not have nearly enough saved, and social security won’t/can’t be what it is now.

    I try to get the money out of the checking account and into retirement and savings as soon as it gets there, or even before. The checking account is where money goes to die.

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