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.
I’d add to make future investments too at least if you can that would lower the cost of things in the future. Investing in solar comes to mind. This doesn’t work though if your being screwed harder by capitalism though like most people in America are. The whole pay $20 more for a good pair of boots that last 4 years instead of cheaper boots that last 6 months kinda thinking.