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More than 1 in 4 US adults over age 50 say they expect to never retire: AARP study

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mystery-ak:
More than 1 in 4 US adults over age 50 say they expect to never retire: AARP study

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
ByFATIMA HUSSEIN Associated Press
April 24, 2024, 10:49 AM

WASHINGTON -- 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.

The data will matter this election year as Democratic President Joe Biden and Republican rival Donald Trump are trying to win support from older Americans, who traditionally turn out in high numbers, with their policy proposals.

more
https://abcnews.go.com/Business/wireStory/1-4-us-adults-age-50-expect-retire-109580387

rustynail:
Work will  set you free.

libertybele:
Work is good for you; until your health takes its toll on you.  Then you need to engage in a different kind of work.

There are some though that remain healthy and are able to work; God Bless them.

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