Browsing: AmericanEconomy

America is on the brink of a retirement crisis as fewer than 20% of adults are financially prepared for life post-employment. According to the U.S. Census Bureau, disparities in retirement savings, particularly among women, highlight growing financial security concerns for the aging population. Roughly half of women aged 55 to 66 are without personal retirement savings, a stark contrast to their male counterparts. The economic landscape is further marred by 11 million seniors compelled to work beyond retirement age due to insufficient funds, with experts stressing the need for strategic savings plans. As the Treasury Department pushes for policy interventions to enhance retirement preparedness, ethical considerations regarding the treatment of the elderly prompt a societal call to action.