Financial Concerns for Over-50s: Experts React To Eye-Opening AARP Findings [Video]

A new AARP survey finds that 20% of adults aged 50 and above have no retirement savings, and more than half (61%) are worried they will not have enough money to support themselves once they stop working.

High living costs, astronomical public debt, and chronic unpreparedness have eroded the foundations of retirement for years. Now, people’s faith in their post-work futures is dwindling, too.

More than one-third (37%) appear worried about basic expenses, such as food and housing, while seven in 10 (70%) express concerns about prices rising faster than their income.

BlackRock Chairman Larry Fink recently declared America in a full-blown retirement crisis. He named it one of the “mid-21st Century’s biggest economic challenges.” This bleak view goes well beyond Wall Street. Main Street folks are feeling it, too.

In a recent NIRS survey of working-age Americans, almost four-fifths (79%) agree the United States is in a retirement savings crisis, up from just 67% in 2020.

While there is …