People of all incomes are among those who have taken the initiative to invest. That's an increase of 11 percent in just two years. People are catching on. The record run in the equity markets in the past five years is, no doubt, a tremendous catalyst to this investment rate. But I can't help but believe that the legacy of our Depression-era parents or grandparents is also a big part.
Savings is a habit, a commitment, a way of life.
The key is to find a balance between your champagne taste and your beer budget, between living on credit you can't afford and saving even small amounts on a regular basis. Simplify your finances. Sorry, can't help you. It depends on your goals, time frame and your tolerance for risk. For all of my investing life I have considered myself a fairly aggressive investor.