;ink You’ll Live
MERICANS ARE INHERENTLY OPTIMISTIC about how we shape our
futures. And oftentimes, we are naively so. We say we will take care of our bodies, and often don’t. In a simple 2009 study,[ 1] subjects were asked how many times they
planned to exercise in the coming two-week period. The average estimate was 4. 48 times,
while actual number of weekly exercise sessions per participant in real life totaled just 3. 38.
We say we will take care of our finances, and often don’t. A recent survey by investment firm Blackrock[ 2] shows that 59 percent of Millennials think they are on track for
retirement, while 51 percent of Gen X’ers and 56 percent of Baby Boomers think their
savings are buttoned up. But in a separate survey, GoBankingrates.com[ 3] asked how much
folks actually have saved so far, and 56 percent have less than $10,000. Furthermore, 1 in
3 don’t have a single dime in the bank.
By Jeff Reeves