> It'd be interesting to know what happened to their retirement savings.
What happened to what retirement savings?
Re:Homeless Mortality Data
by toomuchtodo on Sunday March 03, 2024 @12:59AM
(#39578810)
45% percent of households with members ages 55 to 64 have no savings at all. The median retirement account balance is about $100,000; most middle-class people need $600,000. There are 39 million workers 55 and older in the U.S. Workers 75 and older are the fastest-growing age segment of the workforce.
https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf
https://web.archive.org/web/20231028173718/https://www.nirso...
https://news.ycombinator.com/item?id=39448800
Housing is also wildly unaffordable.
https://news.ycombinator.com/item?id=39550922 (citations)
A disturbing number of people in the US don't have much retirement savings to speak of. Or any retirement savings at all.
Re:Homeless Mortality Data
by rickydroll on Sunday March 03, 2024 @10:51AM
(#39581596)
> It'd be interesting to know what happened to their retirement savings.
Multi-year medical problems leading to bankruptcy and divorce.
"The number of Californians 55 and older who sought homelessness services soared 84% between 2017 and 2021" (from the article), so something demographic is changing. It'd be interesting to know what happened to their retirement savings.