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.

  • HobbitFoot @thelemmy.club
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    6 months ago

    It depends on who is running them. A lot of them aren’t being run well and the federal insurance to protect it is running out of money.

    • afraid_of_zombies@lemmy.world
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      6 months ago

      It does but you know so does everything else in life. I think me and you both agree that fire departments should be a thing and I think we both agree that convicted arsonists shouldn’t be running fire departments.

      Pensions are a good thing and yes that depends on them being run well. Which really shouldn’t be that hard. Even boring T-Bills and Index funds and land in downtown areas would be fine. I don’t think most people expect their pension fund to return 11% a year.