Why is it still important to save and how might the theory of compound interest rates help to explain why even saving a little (at low interest rates) can impact when your retirement funds.

Please note that if you edit your initial response (Original Post), you will not get credit for the Original Post. The discussions are set up as “Must post first”.Most if not all of us are taught the value of establishing the habit of saving for retirement. In the current interest rate environment of very low interest rates, saving for the future can appear to be a bleak task. In your opinion, why is it still important to save and how might the theory of compound interest rates help to explain why even saving a little (at low interest rates) can impact when your retirement funds. Please, include specific references to course materials in your response where appropriate.