Los Angeles, CA (PRWEB) October 23, 2012
In a new CreditDonkey.com survey that asked 1,105 Americans if they are saving for retirement, 62% said no.
When asked if they have a specific saving strategy, such as saving a certain percentage of income every month, 54% said no.
To read the survey overview, visit http://www.creditdonkey.com/no-savings-strategy.html
"The lack of a saving strategy is not necessarily due to a lack of awareness," says Charles Tran, founder of CreditDonkey.com, a credit card comparison and financial education website. "Nearly three-fourths of respondents said they are familiar with stocks, bonds, mutual funds, and cash accounts. 65% said they know where they should be putting their savings."
Related survey by age group: http://www.creditdonkey.com/young-adults-retirement.html
CreditDonkey.com polled 1,105 Americans on their savings and debt between September 17 and September 25, 2012.
View the CreditDonkey.com guide to compound interest to see if consumers should start saving now or paying down debt.