St. Louis Foundation - Understanding How To Get Out Of Debt And Save For Retirement

The foundation on which all of St. Louis families’ well-being and peace of mind is built is the trust in products and services that they buy. When a business is meant to benefit lives and offer true value to families, it should be set as the bar that all business perform at. The St. Louis community’s financial health rests on this foundation.

Then why are so many banks and corporate companies making it so hard for St. Louis families to get out of debt and save money for their retirement? Why are so many simple financial concepts being TAKEN ADVANTAGE of because the average St. Louis citizen has not recieved the proper knowledge on how these financial concepts work?

In the United States, about 1.4 million households face a jump of 50% or more in their monthly mortgage payments once their initial payment period runs out.
The average credit card balance per household is $9,525. Families are in debt and the corporations don’t seem to be helping families become debt-free... doing so doesn’t help the companies make any money! Companies take advantage of the average St. Louis family’s lack of knowledge of how simple financial concepts work and which options LOSE MONEY.

The average retirement savings for U.S. baby boomers is less than $25,000 and 60% don’t have an IRA. The average salary of $27,000 stayed flat from 1990-2004. Last year the average raise was only 1.1%.

Primerica is a financial services company that helps families get out of debt. The positive changes and services they offer to families across the St. Louis metropolatin are simply ‘unbelievable’.  The company hires new agents through a series of interviews and trains agents how to give short presentations of the families finances, before and after. The ‘before’ shows the St. Louis family’s current financial situation with debt, life insurance, and retirement. ‘After’ shows what that famiily’s financial situation COULD be when all three elements are combined in the best mathematical way to create the lowest number of years debt can be gotten out of and increasing the retirement savings substantially.

The foundation of the St. Louis community should be a wisdom and knowledge on financial concepts that families have a stake in on a daily basis. The foundation of the St. Louis community is also an education on how companies are working hard to take advantage of families who do not understand these concepts.

We are all looking to get out of debt and save for retirement in the best and most significant way. This is the foundation of St. Louis’ financial health.