Why Saving For Retirement Feels Impossible
October 13, 2022
770,228
8,819
2,446
1.46%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Cnbc Episodes Around October 13, 2022
See what was published immediately before and after this episode.
YouTube Description
as posted by the channelRetirement is the final chapter of the American Dream. Every year, Americans spend over 2,000 hours working and saving to prepare for the ‘golden years’ of their lives. But that dream is quickly turning into a fairy tale.
A survey by the American Advisors Group found that more than a third of Americans today feel unprepared or unsure if they are on track for retirement. And nearly a third of seniors say they either plan to work through the age of 70 or never retire, according to a study by BlackRock.
“The United States is definitely facing a retirement crisis,” said Nari Rhee, a director of the retirement security program at the UC Berkeley Labor Center. “If we don’t do anything about it, years down the line you’re going to wind up with a lot more seniors in poverty and reliance on public services.”
One million dollars in a retirement account just two years ago is worth about $120,000 less when adjusted for inflation, and now, with that financial backdrop, a quarter of Americans say that are expecting to delay their retirement due to rising consumer costs, according to a survey by BMO Harris Bank.
So Is America really facing a retirement crisis and if so, can it be stopped? Watch the video to find out.
For access to live and exclusive video from CNBC subscribe to CNBC PRO
» Subscribe to CNBC TV
» Subscribe to CNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, nonpartisan coverage and perspective on the day’s most important stories. Available to listen by 830pm ET / 530pm PT daily beginning September 30
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
#CNBCTV
Why Saving For Retirement Feels Impossible
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.