preview

Saving And Retirement Essay

Good Essays

Every day millions of individuals struggle with the idea of maintaining and establishing their financial obligations. Many Americans simply fail at the necessary tasks needed to manage their monthly income. Let alone gather enough funds to secure a respectable financial future. In some cases people struggle to make ends meet due to dealing with issues associated with impulsive buying, wasteful spending and extreme overcompensation (Jinhee, Thomas & Benoit, 2005). Financial matters such as these can lead to bankruptcy, repossession and most importantly a lack of financial promise (Jinhee, Thomas & Benoit, 2005). Without future prosperity many Americans end up returning back to work, for minimal jobs or even working past the age intended. Therefore, it is important that people deal with the issues associated with emotional ties to spending because eventually these ties may lead to other areas. According to Maryam, Mohammad & Sajad (2015), emotional spending is an extreme problem, which often leads to a host of other problems. Saving and retirement is also an area in which many people tend to deal with. It has been estimated that many Americans will return back to work to supplement their income after leaving the job that they have worked for several years. This is why retirement and saving income is such a viable concern for working adults. Group counseling is a great method to discuss ways towards managing a successful financial future (Xiao, Newman, Prochaska, Leon,

Get Access