We are facing an unprecedented retirement crisis in this nation. Millions upon millions of Baby Boomers are retiring, and most of them are struggling. In fact, it has been estimated that 80 percent of our retirees are either struggling right now or are in serious danger of falling into financial insecurity. We are supposed to be the economic powerhouse of the world. How could we have allowed this to happen?
There are several reasons why our retirement crisis has become so severe.
First of all, people are living significantly longer than they did decades ago, and so retirees need more money these days.
Secondly, most retirees did not save enough for retirement, and many of them entered their retirement years carrying high levels of debt.
Thirdly, healthcare costs are completely and utterly out of control in this country. We desperately need to do something about this.
Fourthly, high inflation has made the cost of living extremely oppressive.
Fifthly, pension plans are less common then they once were, and so more retirees than ever are depending upon Social Security as their primary source of income.
When you step back and consider the big picture, it is clear that we have a major problem on our hands, and there are no easy solutions.
The following are 18 incredible statistics about America’s retirement crisis that will blow your mind…
https://themostimportantnews.com/archives/18-incredible-statistics-about-americas-rapidly-growing-retirement-crisis-that-will-blow-your-mind
There are several reasons why our retirement crisis has become so severe.
First of all, people are living significantly longer than they did decades ago, and so retirees need more money these days.
Secondly, most retirees did not save enough for retirement, and many of them entered their retirement years carrying high levels of debt.
Thirdly, healthcare costs are completely and utterly out of control in this country. We desperately need to do something about this.
Fourthly, high inflation has made the cost of living extremely oppressive.
Fifthly, pension plans are less common then they once were, and so more retirees than ever are depending upon Social Security as their primary source of income.
When you step back and consider the big picture, it is clear that we have a major problem on our hands, and there are no easy solutions.
The following are 18 incredible statistics about America’s retirement crisis that will blow your mind…
https://themostimportantnews.com/archives/18-incredible-statistics-about-americas-rapidly-growing-retirement-crisis-that-will-blow-your-mind
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@abgreport Don't forget families used to take care of their elders until their elders made that impossible by voting themselves all the money kneecapping their children and grandchildren.
