Americans Sorely Lack Savings Yet Still Spend a Fortune on Coffee
You'll often hear that if you were to give up store-bought coffee, you'd bank enough money for your dream retirement. Well, that's just not true.
Cutting back on store-bought coffee might save you somewhere in the ballpark of $5 a day -- maybe less, if you opt for simper drinks over fancy lattes -- but in the course of a year, that's $1,825. Save that much annually over 30 years, and even if your investments do fairly well, generating an average annual 7% to almost mimic the stock market's average, you'll still wind up with just $172,000 and change -- a decent chunk of cash, but hardly enough for the comfortable retirement you're probably hoping for.
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Source Fool.com
