Recent financial statistics reveal something highly disturbing: The average American saves just 4% of their pay. Saving just four cents of every dollar earned is inadequate to provide long-term security and leaves the majority of the country living on the edge of a financial cliff. If you find yourself stuck in this cycle, it is time to embrace the "penny-at-a-time" strategy.  Also, the upcoming Memorial Day weekend brings massive sales events at furniture stores. The industry is flat on its back due to a frozen housing market, with many retailers in acute financial distress. If you’re in the market for furniture, know how to play the pay game strategically to avoid getting burned.

• Average Saving Doesn’t Cut It: Segment 1
• Ask Clark: Segment 2
• Warning: Furniture Sales: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• 4 simple ways to start saving
• Save Money Archives - Clark Howard
• Simple Trick To Pay Down Credit Card Debt Quicker - Clark Howard
• What Brokerage Do You Recommend for First-Time Investors or Kids?
• 4 Types of Term Life Insurance Companies Explained - Clark Howard
• Why You Need To Check Your Credit Report Today - Clark Howard 
• Why You Should Never Use a Debit Card at a Furniture Store
• 5 Things to Know About New Settlement That Could Change Credit Card Rewards
• SIM Card Swapping: The Dangerous Cell Phone Scam Everyone Needs To Know About
• This Simple iPhone Update Stops Dangerous Spyware From Stealing Your Data
• What Is a Passkey and How Do Passkeys Work? 

Clark.com resources:

• Episode transcripts
• Community.Clark.com  /  Ask Clark
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275

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