financial literacy – The News Desk

Millionaires tend to have a different view of wealth and retirement savings than other Americans do. It may seem surprising, but most millionaires don’t consider themselves wealthy, according to an Ameriprise Financial survey. In fact, 60% consider themselves upper middle class, and 31% say they are part of the middle class.The survey, which included 580 Americans ages 27 to 77 with $1 million or more in investable assets, also found that millionaires’ financial priorities differ from less affluent investors' priorities. Millionaires' priorities were: Protecting accumulated wealth. Saving for retirement. Managing market volatility. Ameriprise also surveyed those with less than $1 million in assets. Their top financial priorities were: Saving for retirement. Managing day-to-day living...

If you're like most people, your life is so busy that you have little time to dedicate to your finances. Ensuring that you’re on the right track with your retirement goals can be tough, but it's important. A 2023 Fidelity report found that the typical American household has saved just 78% of the amount necessary for retirement. Meanwhile, 52% of households may have saved so little that they won't be able to manage their essential expenses when they stop working. To hit your target, you'll need to monitor your spending and manage your credit as you make proper saving and investment decisions. It can be challenging, but technology can help. These nine apps can reduce the time you spend budgeting, net worth tracking, credit monitoring, managing debt and investing – and help ensure you're doi...

Tag: financial literacy

What Millionaires Know About Retirement That You Don’t | Retirement

Money Apps to Keep Your Retirement Planning on Track | Retirement