The WSJ posted the graphic below as part of an article on retirement preparedness, which has some interesting information on retirement planning. But there’s also a lesson for the near future.
I noticed that 52% of people plan on saving more, while only 19% plan on spending less. Given the budget constraint, presumably at least 33% of people expect their income to rise.
Good news for wages or bad news for financial literacy? I suspect the latter, but hope for the former.