Americans In A Ticking Time Bomb Sprinting Towards Retirement’s Deadline
By: Claire Moraa
Retirement is a dream many Americans hold dear, a time to relax, enjoy life, and reap the rewards of years of hard work. However, a dark cloud hangs over this dream as a retirement crisis looms. Many Americans are struggling to save enough for their golden years, and the situation is becoming increasingly dire. Just 44% of US adults are able to afford an emergency expense of $1,000 or more from their savings. Further, the median retiree has a meager $142,500 in savings, while a shocking 25% haven’t saved anything at all.