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Kiplinger
Kiplinger
Business
Donna Fuscaldo

Is Your Vice Putting Your Retirement at Risk?

Whiskey and smoking at a bar.

Whether you have a penchant for tasty cocktails or prefer to test your luck at the casino, you aren’t alone. Americans, across all age groups, are spending money on their vices. Cash is the preferred payment method but some are getting into debt because of it.

That’s one of the takeaways from a recent Bankrate.com survey on vice and spending, which found 84% of American adults spend money on at least one substance or gambling method and many are doing it once a week! So could their drinking, betting and smoking potentially put their retirement savings at risk?

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