(Eric Pfeiffer) For a growing number of Americans, there may never be such a thing as real retirement.
“The market is filled with people who are petrified of the idea of retiring because they might not have the funding to afford retirement,” Goalinvestor.com’s Melissa Doran Rayer, whose company provides financial planning services and created a data chart to show how retirement trends are shifting, told Yahoo News in a recent interview.
From 1990 to 2010, the percentage of workers 65 and older staying in the job market rose for both women (from 28.2 to 43.8 percent) and men (52.5 to 65.3 percent).
Interestingly, those trends have occurred in the 35-plus years since the Revenue Act of 1978 was passed, allowing workers to invest tax-deferred savings in 401(k) plans.
There have also been broad cutbacks to pensions across the U.S. A recent analysis found that more than 20 million American workers…
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Take a look at the map above. If you live in a “blue” county*, you are considered to be directly in the path of the “Golden Horde”. You might want to think about moving if post-collapse survival is high on your list of long-term goals in life.
*A complete list of “doomed” counties is here for the visually impaired.
Defining America: Exploring the 2010 census – CNN.com – a good resource for planning and thinking about why things are the way they are, where, and what they are likely to become.
Numbers do not lie.