If you have been paying attention to the financial news, you might have heard that Americans are woefully underprepared for retirement.
Savings rates – while growing – are still not where they need to be and average account balances remain paltry at best. Throw in upcoming issues with Social Security as well as a lack of traditional pensions and you have a looming recipe for disaster. Many Americans will be forced to face a very different future than they had envisioned.
However, there might be a way to save your savings and retirement.
Thanks to the rise of the gig economy, retirees are taking to side hustles in a big way. For many savers, these interim and on spec jobs could provide a way to make savings last longer. It’s time to get hustling!
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