Timothy Sumer

For millions of Americans, the so-called golden years will actually be years of despair and uncertainty. And it’s very likely that you are one of those that will never be able to stop working and finally retire. But you’re not alone in this. Over 90 percent of working households in the U.S. do not meet retirement savings targets for their age and income. In fact, even the people that did absolutely everything right throughout their working years are still at risk of seeing their savings vanish as financial markets experience the worst downturn since the Great Recession, interest rates soar, and record inflation means the value of their money is steadily dropping. New data shows that the country’s unfolding retirement crisis just took a massive turn for the worse. Crippling stock market losses, cracks in the U.S. pension system, and the growing Social Security deficit are all combining to create increasingly harder conditions for workers to save for retirement and maintain th