Friday, April 12, 2019

People's Worst Fear Is Lack of Retirement Funds; May Be Forced to Work Until They No Longer Can

The biggest fear of  most Americans is not death, but rather not saving enough money for retirement, the Motley Fool website reports today (April 12, 2019).

A survey from financial institution Primerica found that 43% of Americans share that nightmare, while only 25% said their biggest fear is death.

Indeed, not saving enough for retirement can become a nightmare. If you reach retirement age with little or nothing saved, you will likely be forced to work until you can't work anymore.

From there, you will have to survive with whatever you do have saved, and when that runs out, you will probably end up depending on Social Security benefits to make ends meet.

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