In a recent study, more than 1/3 of those polled said their financial planning for the future is contingent on an inheritance from a family member. That means more than 33% of folks ages 18 to 60 are counting on getting some type of financial help from the death of a loved one.
Deb Mathern, a retired finance specialist, discusses the growing trend in people saving less and spending more in retirement.
The writing is on the wall. Younger generations are not opening traditional savings accounts and are choosing to collect smaller sums of money for experiences. Fill the piggy bank, spend it and start over. Versus previous generations who save their whole lives.
Deb weighs in on types of savings, things that people in retirement wish they had done different and offers some simple advice to those who are banking on inheritance!
(Deb Mathern in the KFGO Studio)
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(Amy Iler & JJ Gordon are talk-show hosts at 790 AM KFGO in Fargo-Moorhead. “It Takes 2 with Amy & JJ” can be heard weekdays 11am-2pm. Follow Amy on Twitter @AmyKFGO. Follow JJ on Twitter @JJGodon701.)
