Investing 101: How to Achieve Financial Security

From WW II until the end of the century, the savings rate in the US was about 10%. As those who remembered the true hardships of the 30s and 40s have died off, to be replaced by those who have experienced only prosperity and good times, the savings rate in the US has fallen to less than 3%. People can't even save 3 cents from a buck. No matter how much you make, if you spend it all, you will have no money in the bank. Thrift creates wealth. To quote Peter Lynch1

Source: The American Journal of Cardiology - April 24, 2019 Category: Cardiology Authors: By Robert M. Doroghazi Source Type: research