New Wave of Workers Tries Novel Approach to Personal Finance: Save More

Posted by Kendall Harmon

For years, Sean McGroarty ignored his mother's urging to save money.

Then his mother, Karen Zader, 54 years old, lost her job as an administrative assistant. The family home, where Mr. McGroarty grew up, went into foreclosure, and Ms. Zader had to raid her retirement savings to pay bills.

Mr. McGroarty was shocked into action. He signed up for his employer's 401(k) retirement-savings program last year. "What if life throws me a curve ball like that?" said the 27-year-old radio DJ.

Read it all.

Filed under: * Culture-WatchYoung Adults* Economics, PoliticsEconomyLabor/Labor Unions/Labor MarketPersonal Finance

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Posted September 27, 2012 at 8:00 am [Printer Friendly] [Print w/ comments]
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