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.
It depends on who is running them. A lot of them aren’t being run well and the federal insurance to protect it is running out of money.
It does but you know so does everything else in life. I think me and you both agree that fire departments should be a thing and I think we both agree that convicted arsonists shouldn’t be running fire departments.
Pensions are a good thing and yes that depends on them being run well. Which really shouldn’t be that hard. Even boring T-Bills and Index funds and land in downtown areas would be fine. I don’t think most people expect their pension fund to return 11% a year.
Make that criminally illegal & enforce it & that will stop.