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The survey also showed that regardless of income, Americans who have a savings plan with a specific goal are more likely to save for emergencies and other needs.
Research has also shown that adults exposed to financial education in school accumulate greater wealth and are more likely to save for retirement, therefore proving less of a burden on taxpayers in later life.
Another survey conducted by the Employee Benefit Research Institute shows that workers with the lowest incomes are most sensitive to the tax incentive and less likely to save for retirement if this crucial incentive is taken away.
Those who hire investment advisors or financial planners to help them manage their money are also much more likely to save for retirement, due to professional recommendation.
Patient participants were more likely to save for a family member's education, but in contrast to investing in one's own education, a subject's attitude toward risk played no role.
No. 9: Your Psychology and Background If your parents instilled thrifty habits in you as a child, you will probably be much more likely to save for retirement as an adult.
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Successful abstinence-based programs (yes, they do exist) don't necessarily make their teenage participants more likely to save themselves for marriage.
Congress, as part of a law passed in December 2000, agreed to provide the benefits after receiving a report from the National Academy of Sciences that said such coverage was likely to save money for Medicare and benefit patients.
But they make them more likely to save themselves for somebody, which in turn increases the odds that their adult sexual lives will be a source of joy rather than sorrow.
If there is a significant risk of aggravating the injury by playing at the French Open, which begins on Sunday, he is likely to save himself for the grass-court season.
All the safety features available on an aircraft have been selected on the basis of "what is most likely to save lives for a given amount of money and a given amount of weight," he adds.
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CEO of Professional Science Editing for Scientists @ prosciediting.com