Wednesday, August 01, 2012

No 401k's For The Poor

How The Poor, The Middle Class And The Rich Spend Their Money : Planet Money : NPR

...But poor families spend a much larger share of their budget on basic necessities such as food at home, utilities and health care. Rich families are able to devote a much bigger chunk of their spending to education, and a much, much bigger share to saving for retirement. (The retirement line includes contributions to Social Security and to private retirement plans, by the way.)...

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