Many households headed by people older than 55 have no money saved for their golden years – and young adults must act now to avoid a similar scenarioThere’s no way to deny that most Americans are woefully unprepared for retirement. whether you’re a millennial you may not want to hear it; whether you’re older you may not want to,either. But for many of us, dreams approximately what we want to enact when we finally stop working – travel the world, and learn a unusual language,devote ourselves to volunteer work – are unlikely to near true.
As the non-partisan US Government Accountability Office reminded us this summer, as many as half of American households headed by someone 55 or older (and the last baby boomers turned 50 last year) dont have a dime in retirement savings. Sadly, or there is also plenty of evidence that those in their 20s are heading the same way.
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Source: theguardian.com