Tag: manage money

disappearing workers

There’s a growing concern that working people aren’t saving for the future, but the reality is that many of them can barely get by in the here and now. A sizable minority of Americans say they are spending more than they earn, have overdue medical bills, or pay only the minimum on their credit cards…

Photo: Swedish flag

Americans are known for being reluctant to spend their life savings after they retire. The burning question has always been why. New research comparing tight-fisted Americans with more free-spending Swedes found that U.S. retirees tend to hold on to their savings, because they face more risk of having to pay high out-of-pocket costs in t…