About one-quarter of U.S. adults age 50 and older who are not yet retired 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.
Other countries absolutely do require people to work to support themselves. The US is certainly not unique in this regard. Some countries have universal income or provide care for the elderly but to think it’s the norm is the Lemmy collective putting a bag over their heads.
Yes, shitty third world countries do requite people to work to support themselves until they die.
Non-shithole countries allow people to retire and not do that, even if they’re poor.
Actually, I take that back. Not even all the shitty third world countries. I just googled ‘Rwanda retirement,’ to pick a country at random and they have a government pension scheme.