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Saving for the future is a vital part of ensuring a secure retirement.
The 2016 annual America Saves Week survey assessing national household savings revealed:
_Just two out of every five
_About half (52 percent) are saving enough for a retirement with a desirable standard of living.
_Only 43 percent have automatic savings outside of work.
_More men (74 percent) report progress with saving than do women (67 percent).
_Those with a savings plan with specific goals (55 percent of the public) are making much more savings progress than those without a plan (23 percent).
Knowing this, it's never too early to start planning for your future. Set a goal, make a plan, and save automatically. Savers with a plan are twice as likely to save successfully. Pledge to save for America Saves Week at www.americasaves.org. Share what you're saving for using the hashtag #ImSavingFor.
You may also want to visit www.myRA.gov if you do not have retirement savings as part of your job. myRA is a retirement savings account from the
Younger people need to know that the earlier you start saving, the more your money can grow. Our website for young workers at www.socialsecurity.gov/people/youngpeople/saving.html has many resources that can help you secure today and tomorrow.
Veterans and wounded warriors, as well as their families, sometimes face unique obstacles when saving for their future. Our website has life-changing information at www.socialsecurity.gov/people/veterans.
After more than 80 years of success, we know that
(This column was prepared by the
(c)2017 Social Security Administration
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