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.

  • AlecSadler@sh.itjust.works
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    6 months ago

    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.

    • AA5B@lemmy.world
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      6 months ago

      You’ve got time. Time is your biggest weapon. Start putting aside what you can and let time work for you