The Biggest Retirement Crisis Of Our Lifetime Will Collapse The Standard Of Living In America

Think your standard of living is not the same as it used to be? You’re right about that. Americans have lost over a third of their purchasing power in the past decade, and the biggest share of that loss happened in the past three years. For millions of retirees, and workers reaching retirement age in 2023, inflation and the rising cost of living have been particularly detrimental. While many Gen Z, Millenial, and Gen X households were forced to downsize their life to make ends meet, older Americans – some of whom had already retired – are being forced to come back to the workforce as they can no longer afford their basic expenses. Even those who saved and did everything right throughout their working years face the risk of financial insecurity in retirement, especially as we march toward another recession. This problem is growing worse with each passing generation, and eventually, it will hit the lives of each and every one in the United States. Today, we compiled a series of facts and starts that expose the