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AARP study: Americans over 50 worry for future
Demonstrators, including many senior citizens, protest against cuts to federal safety net programs, including Social Security, Medicare, and Medicaid on November 7, 2011 in Chicago, Ill.
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As many young adults struggle with finding a job and paying off student loans, and as families across the country work to pay off their mortgage, another group of people is even more worried about the future: those close to retirement.
AARP recently conducted a survey that shows just how worried Americans over 50 are about the next few decades of their lives.
Here to talk with us in today's Mid-day Extra is Nancy A. LeaMond, an executive vice president at AARP.
Well we can all stop worrying, because it’s a proven statistical fact that most of us will not be able to afford to retire. With the republicans driving for open trade and making sure they create tax shelters so they don’t have to support welfare states. Likely your retirement will look much someone who lives in China or India. Because open trade is helping improve the quality of life for these communist countries by allowing America’s rich to get richer and you having to sleep in a box when you are 70.
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I have no sympathy for most of them. I am 35 and have slowly watched these same people enrich themselves over the years at the expense of my generation. It disgusts me that these same people who thought up all these ideas to save money, like outsourcing and giving out work visas like candy, are now complaining. Most of these people are very insulated and out of touch with what their past "Success" will really cost them in the end. What's the cost of watching someone use cheaper labor only to not be able to get a job later in life themselves because they started that trend? Entertaining and priceless.
