Staggering one in five Americans say they will NEVER be able to retire and only 36% of people aged 55 and older say they'll be able to retire when they had planned
1 year, 5 months ago

Staggering one in five Americans say they will NEVER be able to retire and only 36% of people aged 55 and older say they'll be able to retire when they had planned

Daily Mail  

One in five Americans think they will never retire, according to a new poll. Almost half the respondents under 55, around 44 percent, said they have had to change their retirement plans due to economic factors out of their control and only 36 percent older than 55 thought they would be able to retire when they had planned. Many people said they didn't have faith that Social Security would cover their bills - 37 percent of Americans who aren't retired said they thought Social Security would probably cover less than a quarter of their expenses in retirement. One in five Americans think they will never retire, according to an Axios/Ipsos poll of 1,238 American adults Around 44 percent of the survey's respondents said they had to change their retirement plans due to economic factors out of their control and only 36 percent older than 55 thought they would be able to retire when they had expected And while a large minority many Americans are saying they don't expect they will ever be able to afford retirement, the vast majority said they thought retirement would make them feel better. In comparison, 30 percent of respondents who aren't retired said they plan to use a pension and 66 percent plan to use retirement accounts.

History of this topic

Retirement accounts saw solid growth thanks to Wall Street gains
3 months, 3 weeks ago
Americans saved less for retirement last year, Vanguard says
1 year, 6 months ago
Wall Street’s gains, more savings lift 401(k) balances
3 years, 4 months ago

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