BusinessPolitics

Many Americans say they can’t retire until their 70s or 80s

amg_32139242
An increasing number of people figure they’ll simply work longer to make up for inadequate nest-egg savings.
[LOS ANGELES TIMES]

It’s the new retirement: More than four in 10 Americans think they’ll have to work into their 70s or 80s because they can’t afford to retire, according to a new survey.

One in 10 people expects to toil into their 80s, while 32% expect to be on the job into their 70s, according to the report by insurer Northwestern Mutual.

On average, those surveyed expect to leave work at age 68. However, the report points out, that doesn’t jibe with reality.

The mean age of those already retired is 59, the study said.

Read more about the new retirement reality at the Los Angeles Times.

Tags
Show More

NNPAFreddie

Freddie Allen is the National News Editor for the NNPA News Wire and BlackPressUSA.com. 200-plus Black newspapers. 20 million readers. You should follow Freddie on Twitter and Instagram @freddieallenjr.

Related Articles

Back to top button

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker