More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds
Time:2024-04-25 09:08:09 Source:healthViews(143)
WASHINGTON (AP) — More than one-quarter of U.S. adults over age 50 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.
You may also like
- Austria coach Ralf Rangnick confirms Bayern Munich contact
- World leaders extend Chinese New Year greetings
- Xi sends congratulatory letter on completion, operation of Qinling Station in Antarctica
- Hong Kong holds digital economy summit, eyes sustainable future
- Pilot reported fire onboard plane carrying fuel, attempted to return to Fairbanks just before crash
- China takes steps to enhance telecom service, easing access for foreigners: spokesperson
- Xi Stresses Contributing to Chinese Modernization with Solid Actions
- Domestic tourism industry set for 'full recovery' by summer
- Microsoft and Amazon face scrutiny from UK competition watchdog over recent AI deals