Most Older Americans Would Tell Their Younger Selves to Start Saving Sooner
Retirement can seem very far away when you're young. Unfortunately, because of this, many people who are just starting out don't save enough for it.
Saving too little early on can make it much harder to catch up later as you lose out on years of compound interest. That's likely why so many older Americans wish they hadn't waited. In fact, the number one piece of advice people in their 40s, 50s, 60s, and 70s would give their younger selves is to start saving sooner, according to a recent TD Ameritrade survey.
A full 68% of all survey respondents would admonish their younger selves to sock away more cash, the survey showed. And the older people get, the more they wish they'd started saving ASAP. That's why 69% of people in their 60s and 75% of people in their 70s would give this advice.
Source Fool.com
