Given that IRAs have become the main vehicle of savings for Americans, it only makes sense that regular savings accounts in banks (which pay almost nothing in interest) see small totals. I find it difficult to believe that 64% of Americans do not have some form of an IRA, and if those funds were considered; the totals would be different.
rollinson August 13, 2011
at 10:20am
Given that IRAs have become the main vehicle of savings for Americans, it only makes sense that regular savings accounts in banks (which pay almost nothing in interest) see small totals. I find it difficult to believe that 64% of Americans do not have some form of an IRA, and if those funds were considered; the totals would be different.