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Americans Skimp on Retirement Planning as Saving Rates Increase

Friday, Jul 31 2015

Retirement

Written by PFA News

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The annual household savings rate climbed to 5.5% last year, up nearly a full percentage point from 2013. So reports CNBC.

However, Americans have decreased the percentage of savings allocated to retirement plans by seven percentage points to 22%. Americans have instead been increasing money that they save for emergencies.

Read the full article from CNBC.

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