Social Security trust funds will dry up in 2033. So what does this mean for the chronically unworried, like say, Alfred E. Neuman of Mad Magazine fame? He will turn 59 in November — seven years shy of retirement age.
Older Americans staring at retirement in the face are finding it hard to save. So how does the millennial generation — which faces a struggling economy and high student debt — feel about life after work?
In a recent survey, more than half of U.S. workers saving for retirement have less than $25,000 in the bank for the golden years. That's not a lot of money — how do retirees survive on that?
We work day after day, year after year, to get ready for a future when we hope we won't have to work. But retirement isn't quite as simple as it used to be, says commentator Chris Farrell.