WASHINGTON (AP) — More than one-quarter of U.S. adults over age 50 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. The data will matter this election year as Democratic President Joe Biden and Republican rival Donald Trump are trying to win support from older Americans, who traditionally turn out in high numbers, with their policy proposals. |
Anne Hathaway is left redTragic Titan sub may have crumbled under 'microReds hold on to defeat Crusaders in Super Rugby Pacific and Highlanders beat Moana PasifikaBrooks Koepka shoots 7China and Russia are working on a JOINT invasion of Taiwan, US intelligence fearsVegas use of injured reserve prompts questions about salary cap. Other NHL teams do same thingBradley Cooper the doting dad holds hands with daughter Lea De Seine, sevenThe Canucks ready for allSudan: UN warns that Darfur risks starvation and death if aid isn't allowed inPakistan records its wettest April since 1961 with above average rainfall