Today U4 started their simple retirement plan for all employees. This is a large step for U4, and a great step for our employees. This allows them a way to invest and save for the future. I have wanted to offer this program from the beginning, but we just were not ready for it as a company. We are encouraging all of our employees to contribute as much as they can.
Today Washington announced the lowest savings rate since the great depression. In 2006 the savings rate was a NEGATIVE 1 percent. This is one of the lowest in history since 1933 during the great depression with a record low of NEGATIVE 1.5 percent. What this means is that consumers actually spent more then they earned in 2006. U4 encourages our staff and customers to save as much money as possible.
Save save save!