Click on the post for an article in Yahoo today by Suze Ormon. A little history here. Suze Orman is the financial planner well known on Tv etc. that was always telling everyone to invest every dime they had into 401K's. Ever since the market has not been doing so well, I have noticed that she has increased her urgent writing for us to save for a rainy day---the only problem is that it used to be 3 months income and now she has moved it to 6-8 months. Click on the post for the full article.
I am not sure what numbers Suze is looking at, and I do have to admit never having trusted a person who had the name "Suze", but,.....the reserves that an average family has are going down not up for many reasons. It is not that the folks can't read. Eight months reserve seems a dream, not a plan. A nice dream though.
Thursday, July 20, 2006
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