Most Americans accumulating debt faster than they’re saving for retirement

Most Americans accumulating debt faster than they’re saving for retirement
A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found. Three in five workers…are “debt savers,” …meaning their increasing mortgages, credit card balances and installment loans are outpacing the amount of money they are able to save…