by Jeff Berwick, Dollar Vigilante:
I thought about calling this article, “Retirement: The New Heaven” (for US citizens at least), but found it too opaque. So, I simplied.
Retirement is a “20th century relic,” according to Wells Fargo’s annual surveys on retirement.
The bank finds year-after-year that middle class Americans anticipate they will work until illness or death. If this trend continues, respondents will indicate they will be forced to work from the grave. That’s why we highly urge you to join the record number of citizens contributing to the brain drain of US society.
In the fall of 2011, Harris Interactive found that a quarter (25%) of middle class Americans say they will “need to work until at least age 80” to live comfortably in retirement. That number was at 34% in the 2013 survey.
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