This is why Americans don’t save — even when they know better

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This is why Americans don’t save — even when they know better
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The journey to retirement can be perilous

Americans know they need to save for retirement, but find it difficult to do so.Todd Kunsman started preparing for retirement in 2011, only a year out of college, but he didn’t take it seriously until three years later.

Americans say having enough saved for the future is just as important as good health, but not all act like it. “Unless you’re approaching retirement, you are not thinking about it,” said Pierre Habis, president of PurePoint. “You’re probably thinking it will take care of itself.” Part of the problem lies in habits — a third of survey participants said they’d rather take $1,000 now than $3,000 in a year and fewer Americans are saving with a direct deposit.

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