(cont'd from yesterday's post)
American seniors face a financial challenge partly because they retire at the traditional age but have a longer life after retirement now than in the past. Here's another important factor:
"The median amount middle-lass Americans have saved for retirement is $20,000 . . ." That's a bleak prospect for the rest of one's life. "34% of the middle class expect to work until they are 80 because they will not have enough saved for retirement."
Advancing age can sneak up on you. Quoting author Kurt Vonnegut, "True terror is to wake up one morning and discover that your high school class is running the country." Yes, been there 😲
(from "Aging in America," Retirement Advisor)
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