NEW YORK (TheStreet) -- Call it a tale of two demographics, with two studies showing the middle class still saddled with debt and the "mass affluent" ready to de-prioritize debt and pick up the pace on their retirement savings.
Wells reports that 59% of middle-class Americans are saying paying down debt is their chief financial priority, compared with 52% who said the same thing last year.
Meanwhile, saving for retirement is a "distant priority," with only 13% in the middle class calling it their No. 1 financial obligation -- and 42% of middle-class adults saying that saving for retirement and paying down debt is impossible.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV