About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.
About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation.
Everyday expenses and housing costs, including rent and mortgage payments, are the biggest reasons why people are unable to save for retirement.
Prices only drop of deflation.
Economists only mean prices have increased less this last year for the selection of things they looked at.
They say deflation is terrible, but there are still Japanese in Japan. (Japan has had decades of deflation.)
That bolded part is crucial. A year or two ago, someone in the Biden administration released a report proudly announcing that there’s no longer significant inflation when eliminating housing, groceries and fuel from the calculations 🤦