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Americans Are Expecting to Retire Much Later

Americans are not expecting to retire until much later in life according to a new Gallup poll. Since the recession started the number of people who don’t think they will retire until they are past age 65 has increased significant. From Gallup:

Trend: At what age do you expect to retire?

I look at this trends and see a sad expression of the breakdown of the American dream. Traditional pension are disappearing, 401(k)s have been a policy failure, and the promise of ever-rising home prices left many Americans burned over the past decade.

Even though the country is technically much richer than it was two decades ago a comfortable retirement is becoming much rarer. Instead, most regular people are forced to work harder for longer and with less security.

I look at these numbers and see a serious crisis with our retirement system. The “deficit hawks” look at this trend and think the only problem is that the trend is not moving fast enough.

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Jon Walker

Jon Walker

Jonathan Walker grew up in New Jersey. He graduated from Wesleyan University in 2006. He is an expert on politics, health care and drug policy. He is also the author of After Legalization and Cobalt Slave, and a Futurist writer at