I can not help but wonder if this age of credit and debit cards is partially to be blamed for the erosion of Americans being able to save. It used to be when you got your paycheck you put some in savings, went grocery shopping, maybe out somewhere and made what you had left in your wallet last for the rest of the week. Now your pay goes right in the bank and everyone uses a card for everything. (well the majority of people do) I know of people that do not bother to even keep anything that resembles a check register anymore because they just check their balances on their phone, why write it down? This is a huge mistake I think because it is so easy to justify small purchases you might not make if you were using cash. "It's only $3 I have $45 left it's okay" Many people do not have savings deposited from their pay, it might not even be offered by the employer, so it is left to the person to be discipline enough to do it every week. The other thing, and this stayed with me from my father, is he used to say that having everything electronic as far as your money goes was a bad thing because then it would be to easy to figure out how much people had. Then business would know how much they could potential raise prices before someone could not afford something, and likewise how much tax a person on average could afford. Dad felt it was a sure fire way to erode your nest egg, he refused store club cards and debit cards all his life. It seemed crazy then, but with all the data collected on people maybe he had a point. Do YOU think these factors matter in a persons ability to save?