The latest U.S. Census found that the median income of households was $51,017 per year. In 2013, the average U.S. personal savings rate hit a low of 4.2 percent, far less than the 10 percent minimum that most financial advisors recommend you set aside each year towards retirement. These numbers come at a time when, according to an Accounting Principals Workonomix survey, most people spend $1,000 per year on Starbucks, Dunkin Donuts, and other take-out coffees.

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