We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for .
Editorial Integrity
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How We Make Money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
People always grapple with whether or not they’re on track or behind in terms of their retirement savings. Are they going to get to where they need to be by the time retirement rolls around?
You know, when you’re 23, you’re not thinking about 65 or 70.
It seems like an uphill battle.
You know, it’s just very scary. Because of how much money I thought I had, and just watching how quickly you go through it. I’m a little nervous.
Bankrate is always checking on the retirement security of Americans and where they stand. We look into whether Americans are saving more or saving less for retirement than they had the year prior. This year’s results: pretty encouraging.
We found that the percentage of Americans that are actually saving less for retirement this year than last year was just 14%. That’s less than half of what it was back in 2011 when we first asked the questions. And it’s been steadily trending lower. And on the other hand, the percentage of Americans that are saving more for retirement this year than they were last year is up to 19% and that one’s been inching higher over the course of the last several years.
We’re planning ahead; we’re planning for college; we’re planning for retirement. It’s just built into our money strategy.
I think when I was younger I would just spend spend spend. And now, I know I need to think about the future and actually save money and have better credit.
I had an uncle that used to say just put 2% of your weekly salary away, and I’ve been doing that for 20, 30 years.
Unfortunately, it’s not all good news. We did find that 10% of Americans have not contributed to their retirement accounts either this year or last year. And that 10% figure is the highest we’ve seen since we started asking these questions dating back to 2011.
I don’t have children, so I can’t depend on anybody. It’s just my husband and I who take care of ourselves.
It’s kind of daunting. There are so many unknowns.
Going to college and going through college, I thought it would be easier to arrange your life and it’s proven not to be that easy.
We started saving for retirement a couple years ago, but now we’re trying to figure out whether to put more towards retirement or to put more towards college.
Well, check out the calculators at Bankrate.com. Not only to let you know how much you’re going to need for that lifestyle you envision in retirement, but also to figure out how much you need to save to get there. The retirement calculators are the best place to start.
Share