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.
More than 1 in 4 US adults over age 50 say they expect to never retire, an AARP study finds
Heart attack sees bus driver ram crowd, kill 3 pedestrians
Pakistan and Iran vow to enhance efforts at a 'united front' against Afghanistan
Tehran not seeking to continue "defensive operation" against Israel: FM
Will Biden address the Agent Orange legacy during his visit to Asia?
Japan's move to discharge wastewater 'irresponsible'
Verhaeghe scores OT winner, Bobrovsky makes some fantastic saves, and Panthers top Lightning 3
Xi Congratulates Felix Tshisekedi on Reelection as DR Congo's President