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Monday, October 28, 2013

Many Americans Don't Expect To Ever Retire

In a sign of just how bleak retirement prospects have gotten, more than a third of Americans say they will have to work until they literally can't anymore.

A new Wells Fargo study found that 37% of people don't ever expect to retire, but instead will have to "work until I'm too sick or die." Survey respondents say paying the monthly bills is their highest priority, and saving for retirement is a distant second.

"There were a couple of points I found shocking or troubling," says Laurie Nordquist, head of Wells Fargo Institutional Retirement and Trust. "One is the increase in the number of people who say paying bills was their top day-to-day concern."

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2 comments:

Anonymous said...

There are a lot of people now who live pay check to pay check. There is no extra for insurance, savings or retirement.

Anonymous said...

Retire. What you do when your tires run out of tread.