About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.
About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation.
Everyday expenses and housing costs, including rent and mortgage payments, are the biggest reasons why people are unable to save for retirement.
At 40 and with $8k in my retirement fund (cashed it out on a business venture right before COVID…live and learn) I’m anticipating to do this as well.
Ah, life.
You’ve got time. Time is your biggest weapon. Start putting aside what you can and let time work for you