And make no mistake about it: A frightening number of Americans are behind on retirement savings, with 42% having less than $10,000 socked away for the future. To be clear, that’s not terrible if you’re 25. But if you’re in your 30s or older, it doesn’t bode all that well.
If you’re in the habit of spending anywhere in the ballpark of $5,339 a year on non-essentials, all the while letting your retirement savings fall by the wayside, it’s time to change your habits. And the sooner you do, the better your chances of salvaging your golden years.