Post by red on Feb 12, 2006 23:17:06 GMT -8
Six-figure savings? Most say 'unlikely'
Survey: 20% say lottery is most practical path to wealth
By Andrea Coombes, MarketWatch
Last Update: 7:03 PM ET Jan 9, 2006
SAN FRANCISCO (MarketWatch) -- A majority of Americans are pessimistic about their ability to save $200,000 in net wealth in their lifetimes, and more than one-fifth say the lottery is the most practical way for them to reach that type of goal, according to a new survey.
Just 26% of adults surveyed think they could accumulate $200,000 in net wealth in their lifetime, and 9% believe they could collect $1 million, according to the survey of about 1,000 Americans by Opinion Research Corporation for the Consumer Federation of America and the Financial Planning Association.
Lottery Taxes Divert Income from Retirement Savings
www.taxfoundation.org/publications/show/1302.html
Survey: 20% say lottery is most practical path to wealth
By Andrea Coombes, MarketWatch
Last Update: 7:03 PM ET Jan 9, 2006
SAN FRANCISCO (MarketWatch) -- A majority of Americans are pessimistic about their ability to save $200,000 in net wealth in their lifetimes, and more than one-fifth say the lottery is the most practical way for them to reach that type of goal, according to a new survey.
Just 26% of adults surveyed think they could accumulate $200,000 in net wealth in their lifetime, and 9% believe they could collect $1 million, according to the survey of about 1,000 Americans by Opinion Research Corporation for the Consumer Federation of America and the Financial Planning Association.
Lottery Taxes Divert Income from Retirement Savings
www.taxfoundation.org/publications/show/1302.html