About 20% of Americans ages 50 and older have no retirement savings, according to an AARP survey in January. It also found 61% are worried they won’t have enough money for retirement.
I did the math not long ago. If I retired at 65, I would have enough money to live for a little bit and then starve in the streets. If I retired at 45, I would have enough money to live for a little bit and then starve in the streets.
The only difference was 20 years of drudgery.
Of course, there's always the "work until I die" option.
exactly. plenty of folks would love to retire at 50 if they could afford to and not to a jet set life but just to maintain food, shelter, and healthcare.
5 Comments
cannedtuna@lemmy.world · 17 pts · 1y
MelodiousFunk@slrpnk.net · 11 pts · 1y
I did the math not long ago. If I retired at 65, I would have enough money to live for a little bit and then starve in the streets. If I retired at 45, I would have enough money to live for a little bit and then starve in the streets.
The only difference was 20 years of drudgery.
Of course, there's always the "work until I die" option.
HubertManne@moist.catsweat.com · 7 pts · 1y
exactly. plenty of folks would love to retire at 50 if they could afford to and not to a jet set life but just to maintain food, shelter, and healthcare.
StrongHorseWeakNeigh@lemmy.world · 2 pts · 1y
PixlShft@lemmy.dbzer0.com · 6 pts · 1y
I do not fear monsters under my bed or in my darkened closet, nor do I fear retirement, which is just as imaginary.
HoustonHenry@lemmy.world · 4 pts · 1y
No I don't