Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move to a less expensive community. When this is a choice, … Continue reading → The post Half of Americans Won't Be Able to Afford Their Standard of Living in Retirement: Here's What You Can Do appeared first on SmartAsset Blog.

It’s a bit of a clickbait-y headline, but thought I’d share this here as a reference for folks who are thinking about their long-term financial plans.

  • LoamImprovement@beehaw.orgEnglish
    2·
    1 year ago

    If half of Americans can’t afford to retire, is that a lifestyle problem or an economy problem?

    I’m part of a generation that will likely be obligated to work until they die. We’re not buying houses. We’re not having families. We’re ‘killing’ industries because we don’t have the money to spend like our parents did. The well is dry and we are thirsty, and their response is to tell us we should have saved the water we were never given.