JPMorgan Asset Management's 2015 Guide to Retirement has a handy retirement savings checkpoint guide to help you with that one. To get a crude idea of how much you should have saved, find the age nearest to your age and then go across to the column with the salary nearest to your current salary. Then multiply the number you land on by that salary. For example, this guide suggests that if you're 35 years old and earn $100,000 a year, you should have saved $140,000 by now. Among other things, this assumes you continue to contribute 5% of your salary annually, you retire at age 65, and you die at age 95. (See box for other assumptions.). But if you stick to this plan, you are likely to retire comfortably.
The debt swap has been made possible by a contribution of approximately US$11.2 million from the U.S. government under the Tropical Forest Conservation Act, and approximately US$560,000 by Conservation International, in part through a donation from the Arcus Foundation.
For example, in 2007, the UK's debt pile was just 44% of GDP compared with 88% last year. This reflects in part the country's large financial sector relative to its overall economy. The US's debt-to-GDP ratio in 2007 was 64%, the same as France and Germany.By contrast, the debt-to-GDP ratio in China and India, which have seen economic slowdowns but no recession, has not moved significantly over the past five years, nor is it set to deteriorate in the next five.Indeed in the case of China, it is set to fall significantly.he US has a total debt pile of almost $17 trillion (Â£10.6 trillion), which is expected to rise to almost $23tn in the next five years.