News10NBC on Nostr: About 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, ...
About 1 in 4 US adults 50 and older who aren't yet retired expect to never retire, AARP study finds
==========
About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. 70% are concerned about prices rising faster than their income. 1 in 4 have no retirement savings. Everyday expenses and housing costs are the biggest reasons why people are unable to save for retirement. The AARP's study finds that one-third of older adults with credit card debt carry a balance of more than $10,000 and 12% have a balance of $20,000 or more. Additionally, 37% are worried about meeting basic living costs such as food and housing. The share of people 50 and older who say they do not expect to retire has remained steady. Biden and Trump are trying to win support from older Americans with their policy proposals. The financial health of Social Security and Medicare is a looming issue that will affect Americans' ability to retire. The latest annual report from the program's trustees says the financial safety nets for millions of older Americans will run short of money to pay full benefits within the next decade. An AP-NORC poll found that most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation's highest earners to keep Medicare running as is.
#Retirement #Aarp #OlderAdults #Savings #Economy #SocialSecurity #Medicare
https://www.whec.com/national-world/about-1-in-4-us-adults-50-and-older-who-arent-yet-retired-expect-to-never-retire-aarp-study-finds/
==========
About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire. 70% are concerned about prices rising faster than their income. 1 in 4 have no retirement savings. Everyday expenses and housing costs are the biggest reasons why people are unable to save for retirement. The AARP's study finds that one-third of older adults with credit card debt carry a balance of more than $10,000 and 12% have a balance of $20,000 or more. Additionally, 37% are worried about meeting basic living costs such as food and housing. The share of people 50 and older who say they do not expect to retire has remained steady. Biden and Trump are trying to win support from older Americans with their policy proposals. The financial health of Social Security and Medicare is a looming issue that will affect Americans' ability to retire. The latest annual report from the program's trustees says the financial safety nets for millions of older Americans will run short of money to pay full benefits within the next decade. An AP-NORC poll found that most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation's highest earners to keep Medicare running as is.
#Retirement #Aarp #OlderAdults #Savings #Economy #SocialSecurity #Medicare
https://www.whec.com/national-world/about-1-in-4-us-adults-50-and-older-who-arent-yet-retired-expect-to-never-retire-aarp-study-finds/