” at least six months of take-home pay in a high-yield savings account, where you can earn interest but still have easy access.”
The article is good advice and young people need to read and heed it, which they don’t and won’t. But it must have been written thirty years ago for use today. There is no such thing as an easy access, high-yield savings account. A ten thousand dollar money market account today will pay maybe two dollars a year in interest. That’s not high-yield, that’s “I yield.”
I work with someone who claims to be a moderate, but was a proud 0bama voter. Would not vote for Romney because he is rich. He says he will save as little as possible for retirement. Typical liberal.