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.

  • billwashere@lemmy.world
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    6 months ago

    Well I’ll retire (sorta). I’ll just get another job making 50% what I was making and earning 75% of my original salary through retirement. I’ll work till I’m dead but at least I’ll make more money for a bit … until inflation eats it.

    • IphtashuFitz@lemmy.world
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      6 months ago

      My dad did this for a while. Had a nice white collar job my entire childhood. He loved boating and owned one for 40+ years. A year or so after he retired from that he got a part time job as a cashier at a marine supply store. He loved the interactions with other boaters. He did that for probably 10 years before retiring fully.

      • skyspydude1@lemmy.world
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        6 months ago

        I’m in MI and I’m pretty sure half the staff of any hardware store are retired Big 3 engineers. I’ve talked with them before, and most of them are more than comfortable financially, but just like having a routine, getting out of the house, and the employee discounts.

        • ryathal@sh.itjust.works
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          6 months ago

          A part time job after retirement basically keeps people alive. Just sitting on a couch all day watching TV kills you pretty fast.

        • Diplomjodler@lemmy.world
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          6 months ago

          Incredible. You can bet your ass I won’t work another day after I retire. I’m limping along to get to the finish line even though I still have a few years to go.

          • skyspydude1@lemmy.world
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            6 months ago

            A job is far more enjoyable when you know you don’t need it and have to put up with absolutely zero shit since you can leave at any time.