People Can't Afford to Retire... Millions Are Doing It Anyway | How Money Works

People Can't Afford to Retire... Millions Are Doing It Anyway Get 50% off your first order of CookUnity meals - go to https://cookunity.com/money50 and use my code MONEY50 at checkout to try them out for yourself! Thanks to CookUnity for sponsoring this video! Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowHistoryWorks Uncut Channels: @HowMoneyWorksUncut @HowHistoryWorksUncut Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ sponsors@worksmedia.group Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #career #retirement #finance I don’t know if you’ve noticed this, but, everybody is getting old… This year a record number of people will be turning 65, and next year that record will be broken again. We have been warned about aging populations for decades… and now… it’s actually happening… Unfortunately, the savings retirement gap for millions of households is wider than it ever has been, and people’s assets have been eaten up by inflation, bad investments, and good old fashioned financial illiteracy… Over 20% of people on the cusp of retirement have no savings AT ALL… but that isn’t stopping them… Millions of people across the world can’t afford to retire, and they’re doing it anyway… so what does this mean for everybody else? If people lose their jobs over the age of 50 they are almost forced into retirement whether they can afford it or not… So it’s time to learn How Money Works to find out what this means for everybody else supporting a growing group of people, that can’t support themselves… Follow to learn How Money Works. Find How Money Works on YouTube: https://www.youtube.com/@HowMoneyWorks Disclaimer: This podcast is an independently produced audio adaptation of content originally created by How Money Works. It was developed by a fan who values the channel’s clear and engaging approach to financial education, with the goal of making that knowledge more accessible in a hands-free, audio format. This is not an official production of How Money Works, and it is not affiliated with or endorsed by the channel. All rights to the original video content remain with How Money Works. For any concerns, inquiries, or content-related requests, please feel free to reach out. - --------------- ----- Keywords: mortgage crisis, stock market, economics explained, housing bubble, recession analysis, business analysis, wealth building Learn more about your ad choices. Visit megaphone.fm/adchoices