A lack of financial confidence is hurting middle-income American families. Story from Primerica
Sixteen years ago, Katie and Bruce Stone chose happiness over money.
The Primerica survey pinpoints what middle-income Americans worry about most, and what money matters they fall short on: Not saving enough for retirement is a particularly salient concern. Middle-income Americans are more afraid of not saving for retirement than they are of dying, public speaking or losing their homes. Yet only a third save for retirement every month.
Rose Salyards Sopocy, 22, a funeral director in Racine, Wisconsin, has been saving since she was a child, when her mother put every dollar Rose got for birthdays, Christmases and graduations straight into the bank.She went to community college and finished her bachelor’s online. She and her husband Brett, 26, a car salesman, moved to Wisconsin from the Chica area last year for the lower cost of living.
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