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.

  • Ellecram@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    6 months ago

    I guess I am one of the lucky ones. I will be retiring next year with both a pension and social security. I work in county government and that was one of the perks.