Millions of Americans can’t afford to retire - AMAC & The Guardian
Michael Sainato of The Guardian writes a sobering piece here about the state of retirement in America. He notes the number of US workers aged 75 and up is expected to increase over 96% in next decade, according to the Bureau of Labor Statistics. With some saying ‘we must work until we die,’ Sainato paints a grim reality of millions of Americans working into their senior years because they can’t afford not to have a job. He provides statistics, examples, and some personal accounts and notes next year’s Social Security cost of living adjustment of 5.9% in a time of economy wide inflation is just not cutting it. Full piece here.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.