The unemployment rate is low… so that must mean people are earning money and saving money, right? Wrong. One in three Americas has less than $5,000 saved for retirement, and the average person is saving less than 3% of disposable personal income!
You’re workin’ hard… and you have no problem earning money, no problem spending money, but a serious problem saving money. But don’t worry – it’s not your fault. When given equal opportunities to earn or save, our brains do not prioritize saving. We all have an anti-saving bias that keeps us from saving money.
But you’re not a lost cause… because you can learn to change your mindset and start saving! Rather than imagining your future self-saving money, think about how saving money today will benefit your tomorrow. It’s not easy – but it is so worth it.