Probably a third never worked either.
I am surprised more than 20% have any honestly. The vast majority of people can barely walk and chew gum at the same time based upon my observations at Walmart.
Work until you die.
Or go on disability...
Those who work longer will actually live longer.
Social security will get me thru...../s
Sadly, those who were responsible and saved for retirement, will have most of that money seized by the government - for redistribution to those who did not save.
No problem. The producers have wealth to redistribute.
Divorce. Divorce really crushes people’s retirement.
I could retire now, but I like my job. I will probably work until I die.
We do (a bit), but expect the feds to raid it.
But I'll be thrilled to know that "it's for the children".(end sarcasm)
Sure they do.
Yours and mine.
The ones that worked believed the government would give back the money they took when the time came, so they didn’t bother or didn’t have enough left to save. They had no choice.
‘Cause they have no money? ‘Cause the Obama Economy is so very bad that all their money is going to buy expensive food and expensive health insurance? I’m tired of the trope that only lazy people have no retirement income.
“keep working as long as possible,”
I had hoped (not planned) to do that, also. But when the company goes out from under you and you have to deal with the ageism problem those who are over 50 face in hiring, basing your retirement finance on working until you croak is denial at its finest.
I don’t have a traditional pension for very good reason, almost every single one of my savings schemes invested with professional financial advisers over the past quarter century have tanked. We aren’t talking huge sums but enough to make me very leery of ever trusting traditional banks, pension funds or insurance companies to look after my money.
My “pension” is in my property and tangible assets that I own outright, I have no debt and a liveable income, I intend to make my assets sweat for me when I am too old to work and hopefully will be able to pass them on to my kids.
Anyone who has observed the shenanigans financial services industry over the past decade or more would need to be clinically insane to give them their life savings to look after. Quite apart from the fact that you are merely storing your cash in a convenient location for the government to confiscate when the time comes.
“Only 63 percent of Americans have saved any money for retirement within the past year,”
I’d be surprised if it was actually that high, given current conditions.
Meanwhile, with the daughter’s college now paid for, the wife and I are socking away every single penny we can afford to.
No worries - the government will confiscate funds from those who have planned ahead and give the money to those who have not.
In exchange for votes, of course.
When they do these surveys, I doubt they exclude legal and illegal immigrants.