Competition between lenders drives down costs and improves performance due to several key economic principles:…
Eye Opening Retirement Statistics
What makes it worse is that Americans are saving less today. The average working U.S. household has virtually no retirement savings. The median retirement account balance is $2,500 for all working-age households and $14,500 for near-retirement households, according to the 2013 Survey of Consumer Finances from the U.S. Federal Reserve.