Majority of Americans over 50 worry they won't have enough money for retirement: Study - eviltoast
One of the survey’s biggest findings is that 61% of those 50 and up are worried they won’t have enough money for retirement.

Among AARP survey findings: 61% of Americans 50 and up are worried they won’t have enough money for retirement. And only 21 percent of people have a retirement plan.

An increasing number of people are worried that they won’t have enough money to live comfortably in retirement, and men aren’t as financially secure as they once were, according to an annual survey from AARP.

The AARP Financial Security Trends Survey, conducted in January and released in April, included interviews with more than 8,300 Americans over 30 across every state in the country. Conducted by NORC at the University of Chicago, the survey aims to analyze the financial experiences and attitudes among Americans.

One of the survey’s biggest findings is that 61% of those 50 and up are worried they won’t have enough money for retirement, Indira Venkat, senior vice president of research at AARP, told USA TODAY on Wednesday.

And if you break those numbers down even more, one in five of people who have not retired have no savings at all, Venkat said.

  • BottleOfAlkahest@lemmy.world
    2·
    7 months ago

    Honestly if your rent is only 1600 then your probably not in one of the super high COL places either which is wild. Well paid people in NY and San Francisco are going to have to die on the job while barely making their rent in 50 years. Everyone’s fucked if nothing changes.

    • filister@lemmy.world
      1·
      7 months ago

      I am not working in the states. I am working in a city where the average salary is 3000€, and rent is 25/sq.m. or ~2.3€/sq.f. and mind you in other places rent/salary is even higher like in Lisbon, which is popular expat and tourists destination