I love this poll! I heard the NPR story just this morning about the impact of people saving more. I hadn't thought about it until today.
I make about the same amount of money I did last year, and I save the same -- that is, $0. I haven't had a 401(k) in 3 years, and I have an IRA that's the rollover from when I had one. Jess and I have a small savings account that's left from money my dad gave me from my mom's life insurance, but I bet half of it will go for the wedding. I saved my tax return, but it's budgeted for wedding spending.
The story today actually made me nervous about needing more savings. Of course, I've known for years that I'm well short of the 3 months' expenses that everyone should have in savings, but I never worried about it much until now. I'm not sure if it's the economy so much as a realization of my mortality and my age catching up with me. Or a combo of all three.
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Date: 2009-03-12 11:12 pm (UTC)I make about the same amount of money I did last year, and I save the same -- that is, $0. I haven't had a 401(k) in 3 years, and I have an IRA that's the rollover from when I had one. Jess and I have a small savings account that's left from money my dad gave me from my mom's life insurance, but I bet half of it will go for the wedding. I saved my tax return, but it's budgeted for wedding spending.
The story today actually made me nervous about needing more savings. Of course, I've known for years that I'm well short of the 3 months' expenses that everyone should have in savings, but I never worried about it much until now. I'm not sure if it's the economy so much as a realization of my mortality and my age catching up with me. Or a combo of all three.