For individuals, an appropriate saving rate depends largely on circumstances. Those nearing retirement, of course, have the biggest incentive to save. Everyone else should have six months to a year of liquid savings in case of job loss, say personal finance experts.
So until you're near retirement (55? 60? 64?), you only need to save twelve months' worth of cash. Wow. I really hope those "personal finance experts" are just Mr. Reddy's drinking buddies, and not real professionals giving that advice to real people.
