About half of middle-class pay the bills, but can’t save for retirement

More than half of middle-class Americans (59 percent) say paying the day-to-day bills is their top financial concern, while saving for retirement falls to a distant second place in the financial pecking order, according to our annual Wells Fargo Middle Class Retirement study. It’s clear that middle-class Americans (based on those surveyed ranging between the ages of 25 and 75 interviewed by phone in July and August by Harris Interactive) are overwhelmed with trying to meet today’s obligations and consequently are putting off saving for their future. Four in 10 say it is not possible pay the bills and save for retirement at the same time.