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.

  • Viking_Hippie@lemmy.world
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    6 months ago

    Economists only mean prices have increased less this last year for the selection of things they looked at.

    That bolded part is crucial. A year or two ago, someone in the Biden administration released a report proudly announcing that there’s no longer significant inflation when eliminating housing, groceries and fuel from the calculations 🤦