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Building Up Your Cash Cache

When the National Foundation for Credit Counseling in Washington, D.C., conducted its 2012 Consumer Financial Literacy Survey this spring, the results were sobering. When asked, “Do you have any savings, excluding retirement savings?” Thirty-nine percent of respondents answered no. “That’s the highest percentage since we began asking in 2008,” says Gail Cunningham, NFCC spokeswoman, “and a 6% jump in just one year.”

Soft Landing

When James F. Garrett decided to go hang gliding, he wasn’t preparing to jump off a cliff. Instead he left the security of a government job and a guaranteed pension...

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