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.
My late 20s saw the delcine in health of my grandparents who I lived with. Seeing how elder care goes Im more frightened now than ever before. I have more to my name than ever before but seeing how it took a loud fight from the whole family to get the care centers just to take basic care of an elder, knowing I don’t have a spouse and dont plan on having kids, Im terrfied I’m going to die neglected unbathed in the corner of some place that may as well be a mental institution.
The ‘lonelines crisis’ were seeing now is going to lead to many people who become disabled by aging have no family or other support structures to lean on and I wouldn’t be surprised to see sick elderly people dying on the streets in mass in a few decades time.
Tldr: once you’re old enough to start forgetting things, no amount of money can protect you from neglect. You need family to go to bat for you and less and less people are making families. I didn’t used to believe in human euthanasia but now Im praying its legal by the time I get that old.