This Is What Life Without Retirement Savings Looks Like

The Atlantic: This Is What Life Without Retirement Savings Looks Like (2/22/2018). Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades. The problem is growing as more Baby Boomers reach retirement age—between 8,000 to 10,000 Americans turn 65 every day, according to Kevin Prindiville, the executive director of Justice in Aging, a nonprofit that addresses senior poverty. “In the early decades of our work, we were serving communities that had been poor when they were younger,” Prindiville told me. “Increasingly, we’re seeing folks who are becoming poor for the first time in old age.”

What can be done to help today’s seniors and generations to come? There are two approaches, Prindiville says: help people save for old age and make retirement more affordable.

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