1 in 5 Americans say they'll never retire
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 25 July 2023
⏱️ 3 minutes
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| 0:00.0 | a staggering one in five Americans say they will never be able to retire because of the |
| 0:06.0 | cost of living. Only 36% of people age 55 and older say they're going to be able to retire |
| 0:11.1 | when they had originally planned. Isn't that a depressing statistic? Yes. It's highly depressing. |
| 0:16.7 | I mean, they're saying that $10,000 per family has been spent just because of inflation |
| 0:23.5 | in the past year. Sure. And we've talked about this where you can't, we've reached a point |
| 0:28.4 | where you can't work your way out of the inflation. You can't work your way out of the price |
| 0:35.4 | increases. Now, look, if you got a new job of some sort that was markedly better than the job |
| 0:40.8 | you have maybe, but it trust me, I am someone who has obtained a second job in this calendar year |
| 0:47.4 | to try to make up for Republican tax increases in this state and Biden's inflation. And it's very, |
| 0:53.5 | very, very hard to do. Now, if you want to work 24 hours a day, seven days a week, maybe you |
| 0:57.8 | can do it. But as I found when you're working 14 hour days, you're not living much of a life. |
| 1:02.8 | No. And so it's almost just better to say, I am going to accept the fact that I will work until |
| 1:08.5 | the day I die. And I will do the best that I can to mitigate that with wise investments or whatever |
| 1:15.6 | and responsible frugal living as best I can. But we have created this, we have created this, right? |
| 1:23.5 | We again, back to saying that we talked about last segment with Holcomb. This did not happen |
| 1:27.9 | in a vacuum. These politicians are not cyborgs. You know, they're not terminators. We hire them, |
| 1:34.8 | we can fire them. And until we are willing to throw the vast majority of these people out, |
| 1:40.2 | then we are to blame for this because we have created this monster. |
| 1:43.1 | Well, I would just like to remind you at this point that inflation is transitory. |
| 1:48.2 | But I'm here, buddy, Casey, even though 20% of adults fear they'll never be able to retire. |
| 1:53.6 | Hey, here's something that's free. Yeah, you don't have to do anything for it. It is actually free. |
| 1:59.0 | I'm excited. We're looking for caller number three right now at 317-239-9393. We have a family |
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