This Is Americans' No. 1 Financial Fear
When it comes to finances, Americans have a lot to be anxious about. The typical household is $16,000 deep in credit card debt, while 57% of U.S. adults have less than $1,000 in the bank. But it's not spiraling debt or unplanned expenses that have Americans worried the most. Rather, their single greatest collective fear is never being able to retire. That's the latest from GOBankingRates, but it also represents a shift from the previous year, when Americans cited always having to live paycheck-to-paycheck as their primary financial concern.
So what changed?
It could be the fact that Americans are doing a slightly better job of saving money for the near term, even though most adults are still behind where they should be. Or it could be that Americans are getting more realistic about retirement and the costs involved. Either way, those who fear never actually retiring should realize that they do have an opportunity to change their fate -- as long as they get moving quickly.
Source: Fool.com
