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.

  • SuiXi3D@fedia.io
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    6 months ago

    Managing your finances can only do so much when you barely bring in enough to cover rent.

    • tal@lemmy.today
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      6 months ago

      It definitely isn’t the case that a quarter of the country can’t afford to save anything though their whole working life.