It contradicts the what has already been reported — that average credit card debt is about$10K and individual debt has risen. Also savings is reportedly -1%. Many people don’t understand how debt grows with compounding interest. I personally don’t know anyone –who is “saving too much” for retirement.
In today’s market, if the average American makes $43K and the average San Diegan makes $50K —how can anyone be “saving too much” for retirement? No one has that kind of excessive income.
