The Rich Don't Save Either

Market Watch has an article this week claiming the lower and middle class aren't the only ones finding it difficult to put money away. The article cites a study conducted by HSBC bank that surveyed people making over $250,000 per year. Over a third of respondents said they had difficulty saving money because of a "need to pay everyday bills".

You won't find a shoulder to cry on here. If you are pulling down a quarter million a year, even if you are getting eaten alive by taxes, you should be able to at least max out your retirement savings accounts. You might not get that beach house on Florida or that new Porsche you had your eye on last year, but sometimes life just isn't fair.

Link
Sophisticated Investor @ MarketWatch
Image James & Vilija @ Flickr