Tuesday, May 27, 2008

Will our kids be dumb and broke?

The situation is dire. According to a survey commissioned by the National Foundation for Credit Counseling and released in April:
  • A third of Americans have no personal nonretirement savings.
  • A quarter have saved nothing for retirement.
  • One in 10 have trouble with mortgage payments.
  • Millions struggle to pay bills on time, with 7%, or about 15 million adults, getting calls from collectors or considering bankruptcy.
Remember to teach your children well.

More from MSN Money