A growing share of working Americans don’t think they will ever retire, recent surveys suggest.
Retirement is a time-honored life stage and a near-universal expectation in working America. Yet, a comfortable retirement requires savings, and many workers fear they don’t have enough. In a July poll conducted jointly by Axios and Ipsos, 29 percent of workers under 55 answered a retirement query with, “I don’t think I will ever retire.” Asked why not, three-quarters of the never-retire group said they could not afford to stop working. A smaller share said they didn’t want to. “How to make the dollars and cents of retirement work is a constant balancing act for those who are retired and Americans hoping to reach that milestone one day,” said Clifford Young, president of Ipsos Public Affairs. Another survey, from the Employee Benefit Research Institute (EBRI), found that one-third of workers now expect to retire at 70 or later, or never. Read more...
