One in five Americans think they will never retire, according to a new poll.
Some 20 percent of adults in the US fear they will never be able to retire – of them 70 percent said the reason was that they wouldn’t be able to afford it.
The survey – by Axios and research group Ipsos – asked 1,238 adults, 210 of whom were older than 55, a variety of retirement related questions.
Almost half the respondents under 55, around 44 percent, said they have had to change their retirement plans due to economic factors out of their control and only 36 percent older than 55 thought they would be able to retire when they had planned.
Many people said they didn’t have faith that Social Security would cover their bills – 37 percent of Americans who aren’t retired said they thought Social Security would probably cover less than a quarter of their expenses in retirement.
www.dailymail.co.uk/news/article-12332463/Americans-NEVER-retire-survey-age-401k.html