Are Americans Giving Up on Retirement?
Summary
A new study shows nearly half of Americans who have not retired doubt they will ever fully stop working. Many are worried about money, rising living costs, and how new technologies like artificial intelligence (AI) might affect their jobs and plans for retirement.Key Facts
- 47% of Americans who have not retired believe they will never fully retire.
- 58% of non-retirees feel confident they will have enough money to retire on time.
- 64% are more focused on current financial problems than saving for retirement.
- Many have stopped or reduced retirement savings recently, and some have taken money out early to cover expenses.
- Higher living costs and economic uncertainty are major worries for retirement plans.
- AI is causing job concerns, especially among younger workers—63% of Gen Z and 59% of millennials worry about AI hurting their retirement options.
- Americans are adjusting their retirement ideas, planning part-time work or delayed retirement instead of fully stopping work.
- Experts say the idea of retirement is changing, with people expecting to work longer or in different ways.
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