A recent AARP survey found that one in five Americans, aged 50 and older, have no retirement savings.
A recent AARP survey found that one in five Americans, aged 50 and older, have no retirement savings, that's 20% of that population.Retirement should be a time of life that people look forward to, but a recent survey from AARP found that more than a quarter of older adults who aren't retired say they expect to never retire.
That same survey also found that 60% of adults age 50 and older don't think they'll have enough money to last in retirement. Despite this, 33% of respondents believe their finances will be better 12 months from now, but the lingering effects of inflation and high costs remain. "We're also seeing that consumers are having difficulty with the here and now. There are higher expenses that they're facing at the grocery store, at the gas pump, so they're making conscious decisions of whether to put away money or to pay for the here and now," Venkat said.
"Half of the private sector workforce that's 57 million strong don't have the ability or the option to save at work through their paycheck," Venkat said.
AARP Savings Survey Older Adults Venkat Retire Expenses
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