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.

  • Flying Squid
    link
    28 months ago

    Yes, shitty third world countries do requite people to work to support themselves until they die.

    Non-shithole countries allow people to retire and not do that, even if they’re poor.

    Actually, I take that back. Not even all the shitty third world countries. I just googled ‘Rwanda retirement,’ to pick a country at random and they have a government pension scheme.