Less Americans retiring

Money

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KIMT News 3 – Thinking about retirement?

If your answer is “yes”, you may be one of the few who are.

According to a recent study, only one in five Americans will actually retire.

If you’re young, it’s not something you may think about, and if you’re older, it’s something you may not think is even possible.

Retirement for workers in the U.S. is becoming rarer as fears of the economy, unemployment and low wages grow.

But not retiring, may not be a good idea according to Financial Advisor Sara Carlsson with Edward Jones.

“It’s probably bad in the big picture because there is a lot of a person that work very hard, a lot of hours into their job, and don’t see an exit plan. They can’t find an exit plan for them to retire and have the funds that they need to live how’d they like in retirement,” said Carlsson.

Carlsson says she doesn’t see many retiring until the age of 65.

She says even if you’re just starting to work to always consider your future when it comes to putting away retirement money.

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