About one-quarter of U.S. adults age 50 and older who aren't yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income

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.

  • afraid_of_zombies@lemmy.world
    7·
    7 months ago

    My wife has a pension through her employer, it is going to be her last employer until retirement. Hey at least the golden handcuffs are golden.

    • projectsquared@lemmy.world
      2·
      7 months ago

      More and I are in this exact boat. Want to find something - ANYTHING - else but can’t risk losing that pension. Eggs in one basket and all that.

      • afraid_of_zombies@lemmy.world
        1·
        7 months ago

        Makes you wonder why more employers aren’t doing it. Puts employees in the awkward position where they can’t quit because the salary is so high.