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. |
Movement of pilot's seat a focus of probe into LATAM Boeing flight, report saysMirror suits and serenades: The allure of Chris IsaakKiwi musicians boycott US festival SXSW due to defence industry sponsorsHundreds of bulbs, entire rose bushes stolen from Christchurch parkSeagulls 'charismatic' not 'criminal', scientists sayMediaworks data breach: Hackers email victims, demanding $820Future of Picton overbridge up in the airJudge Denies Trump Relief From $83.3 Million Defamation JudgmentTarata Road gravel fix plan raises ire of small Taranaki communityUN mission probing Islamic State crimes forced to shut in Iraq