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Get your first month of Audible absolutely free! Visit https://audible.com/secondthought or text secondthought to 500-500 Let's face it, it's hard enough just to get by these days. Saving for retirement? Now that's a pipe dream for most Americans. Why is that? Are things really that bad? Let's take a look at retirement trends in the United States and see what's behind these worrying developments. Why You'll Never Retire – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Citations and Further Reading: Increase in the age of retirement and typical justifications https://money.usnews.com/money/retire... https://www.ssa.gov/benefits/retireme... https://www.ssa.gov/benefits/retireme... https://www.ssa.gov/pressoffice/IncRe.... https://www.brookings.edu/testimonies... Estimates of the retirement age in the future https://www.cnbc.com/2022/04/03/socia... That Wikipedia page https://en.wikipedia.org/wiki/Retirem... 97% of people depend on social security https://www.cbpp.org/research/social-.... Social security is the largest source of income for those over 65 https://harpers.org/archive/2014/08/t... Income and life expectancy data https://www.ncbi.nlm.nih.gov/pmc/arti... https://www.ncbi.nlm.nih.gov/pmc/arti... Cases of declining life expectancy among the poor https://www.medpagetoday.com/publiche... Pensions go from 40% to 13% of workers covered (some sources go up to 20%, but all show a steep decline) https://www.benefitnews.com/news/earl... Pensions and 401(k)s, more generally https://www.cnbc.com/2021/03/24/how-4... 52% of Americans above 55 have no retirement savings https://www.gao.gov/products/gao-19-442r Private equity funds, $230 billion, largest transfer of wealth quote https://www.levernews.com/news-trump-... https://papers.ssrn.com/sol3/papers.c... The Trump 401k policy picked up by Biden https://jacobin.com/2022/02/joe-biden... https://www.dol.gov/sites/dolgov/file... https://prospect.org/economy/letting-... https://www.pionline.com/defined-cont... https://news.bloomberglaw.com/in-hous... https://jacobin.com/2022/01/retiremen... Camperforce https://harpers.org/archive/2014/08/t... Labor militancy and retirement https://aflcio.org/about-us/history Retirement, generally https://jacobin.com/2017/04/retiremen... https://jacobin.com/2019/11/retiremen... https://claudepeppercenter.fsu.edu/ne... Follow and Support Second Thought! Twitter: / _secondthought Patreon: / secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondth... CashApp: $JTChapman Watch More Second Thought: Latest Uploads: • Плейлист Spaaaaaace!: • Плейлист What If...: • Плейлист Popular Videos: • Popular Videos | Second Thought About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com