‘I had hoped to be retired’: 66-year-old still works 11-hour days with zero savings. Here’s how you can avoid this fate
View original at finance.yahoo.com‘I had hoped to be retired’: 66-year-old still works 11-hour days with zero savings. Here’s how you can avoid this fate Photo: CBS News Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Moby's stock recommendations have beaten the S&P 500 by almost 12% on average over four years across almost 400 stock picks
80% confidenceGold could climb to $6,200 per ounce by the end of 2026
80% confidenceShe had hoped to be retired, playing piano and enjoying life
80% confidenceFinancial situation has been life-threatening
80% confidenceApproximately one in five Americans aged 65 and over were employed in 2023
80% confidenceRecommends saving enough to cover three to six months of living expenses for emergencies
80% confidenceShe works 11-hour days across two jobs with no savings, 401(k), or emergency fund
80% confidenceOnly 43% of American adults could handle an unexpected $1,000 expense with their savings
80% confidenceEmployment rate for Americans 65+ has nearly doubled compared to 35 years ago
80% confidence47% of men aged 55 to 66 have no personal retirement savings
80% confidenceNearly half of U.S. women aged 55 to 66 have no personal retirement savings
80% confidence