These days, having a million dollars to your name is nowhere near as impressive as it used to be. And yet, putting away $1 million in a savings account is a major goal that most people never realize.
EL SEGUNDO, CA (PRWEB) February 19, 2013
According to DailyFinance.com's “A Million Bucks Ain't What It Used to Be," just 7% of U.S. households have $1 million or more saved. However, this doesn't mean saving seven figures is impossible for most Americans. Go Banking Rates explains how to save more money by implementing proven strategies that help savers meet and exceed the lofty million-dollar benchmark.
In the pursuit of how to become a millionaire, most savers who struggle to accomplish this goal are simply in need of the correct knowledge and tools to get there.
Go Banking Rates managing editor, Casey Bond, states, "These days, having a million dollars to your name is nowhere near as impressive as it used to be. And yet, putting away $1 million in a savings account is a major goal that most people never realize."
She explains, "This is not always due to lack of ability, though, but rather lack of education surrounding how to save a million dollars."
Go Banking Rates attempts to fill the education gap by providing seven strategies savers can use to grow their savings to one million dollars and beyond, affording them a more comfortable lifestyle, especially in retirement.
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For questions about this report or to schedule an interview with a Go Banking Rates editor, please use the contact information below.
About Go Banking Rates
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
Jaime Catmull, Director of Public Relations