WHY ARE SO MANY PEOPLE BAD AT PLANNING FOR RETIREMENT
Many individuals and families simply cannot afford to put money aside for retirement.
As the youngest Baby Boomers reach the traditional retirement age, the U.S. is entering a period known as “Peak 65®,” with more people than ever turning 65 over the next three years. Despite the wealth of advice and resources available, many Americans still struggle with retirement planning. Surveys reveal that a significant portion of adults approaching retirement are not confident in their financial readiness, with only a small percentage feeling truly prepared. Alarmingly, nearly three-quarters of Americans die with debt, underscoring the challenges many face in securing their financial future. This issue is compounded by wage disparities and stagnant income growth, making retirement planning an even more complex and critical task.