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INFOGRAPHIC: Nearly Three-Quarters of Americans Admit they are Not Financially Prepared for Retirement according to new survey

You might think planning and saving for the future is impossible if you are currently drowning in debt and it’s hard to prepare and feel confident in your savings if you are constantly looking for ways to get out of debt. ACCC’s recent poll shows that you are not alone. Approximately 75 percent of respondents feel that they are not adequately prepared for retirement and 35 percent of young respondents are not contributing to a retirement account at all. The poll also showed that the majority of America’s retirement investing is going to 401(k) accounts, but other types of retirement investments are still being made. Check out this comprehensive financial infographic below for a full breakdown of how consumers of different ages and income levels feel about their retirement savings and planning.

 

Retirement Infographic

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American Consumer Credit Counseling, a not-for-profit organization, is dedicated to helping consumers lower credit card debt and learn how to be debt free in the future. We offer free credit counseling where our highly trained credit counselors review consumers’ finances and credit card debt problems¸ offer credit card debt advice, and help to find the best strategy for paying down credit card debt. Counselors can also provide education around many common debt reduction strategies, including debt management, credit card debt settlement, bankruptcy, and debt negotiation services. We can compare the advantages and disadvantages of debt consolidation vs. debt settlement plans offered by debt reduction companies, and help consumers choose the plan best suited to their financial situation.

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