This article is good because it talks about Household and Consumer Debt as the underlying problem with our financial problems, not the banking regulations.
I happen to agree personal consumer debt has been a huge problem for our country and will continue to be a major factor in the next crisis.
What can you do?
Get your personal debt under control and as low as possible. If you need help with strategies around this, please let me know me.
Most Americans have less than $25,000 saved for retirement.
If you’re reading this, you’re probably not that person.
But, let’s be honest. Those of us that are delaying consumption, investing well, and planning for our retirement will be asked to subsidize those who are not doing the same.
What does this mean for you? Continue to do all the things that will put you in place for a good retirement. Especially, get a retirement plan together so you know what it will start to look like with what you currently have and are currently saving.
Let me know if I can help. It’s one of the best things you can do for yourself and your family.