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.

  • AA5B@lemmy.world
    31·
    6 months ago

    Rolling funds over to consolidate is free and easy, but you have to find it first and do some paperwork. It would really help you to have it all together in one spot that you can pay attention to (yes, that was me a few years back).

    Hopefully not your scenario but

    • I’d you get divorced, they charge per fund to take half your money, regardless of how much. I lost thousands of dollars unnecessarily just by not having consolidated
    • afraid_of_zombies@lemmy.world
      1·
      6 months ago

      It’s not easy. I lost a day of my life with the paperwork and phone calls to do it once. It’s fine, learned my lesson, next time I will go straight to the screaming on the phone.