{"id":490616,"date":"2026-02-26T01:19:19","date_gmt":"2026-02-26T01:19:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/490616\/"},"modified":"2026-02-26T01:19:19","modified_gmt":"2026-02-26T01:19:19","slug":"is-the-us-in-a-retirement-crisis-why-two-thirds-of-retirees-think-so","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/490616\/","title":{"rendered":"Is the US in a Retirement Crisis? Why Two-Thirds of Retirees Think So"},"content":{"rendered":"\n

In its 2026 retirement survey, Clever<\/a> found that 64% of retirees believe the U.S. is in a retirement crisis. The average retiree has $288,700 saved but claims you need $823,800 to retire comfortably.<\/p>\n

Why do so many see a retirement<\/a> crisis?<\/p>\n

Also see five retirement shifts coming in 2026<\/a>.<\/p>\n

The Social Security Administration currently forecasts insolvency by 2032. If that happens, retirees could face a 24% benefit cut across the board, as detailed by the Committee for a Responsible Federal Budget<\/a>.<\/p>\n

That fast-approaching deadline doesn\u2019t exactly reassure the average retiree.<\/p>\n

Check Out: Elon Musk Says You Don\u2019t Need To Worry About Saving for Retirement<\/a><\/p>\n

Explore More: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home<\/a><\/p>\n

Since the start of 2020, the average home price has shot up over 46%, according to Zillow<\/a>. Meanwhile, mortgage rates rose from under 3% to around 6% to 7% over the last few years. That has locked many retirees into homes that no longer fit their needs.<\/p>\n

Housing costs<\/a> only get worse from there, according to financial strategist Shavon Roman of Heal Plan Invest<\/a>. \u201cEven homeowners who own their homes free and clear often see their property taxes and insurance premiums jump 30-60% in a single year,\u201d Roman said.<\/p>\n

Medicare doesn\u2019t cover every medical cost<\/a>, as too many retirees discover the hard way.<\/p>\n

\u201cFrom doctor visit copays to prescription drugs, Medicare supplemental insurance to dental and vision costs, healthcare costs add up quickly in retirement,\u201d Roman said.<\/p>\n

Even one or two years in a nursing home or assisted living facility can drain your entire nest egg.<\/p>\n

The American Council on Aging<\/a> reported the average shared room costs $119,340 a year, and private rooms average $136,948. \u201cWith men spending 2.2 years in care and women averaging 3.7, we tell all of our clients that they are not ready for retirement until they have a plan for long-term care,\u201d said financial planner Jay Zigmont of Childfree Trust<\/a>.<\/p>\n

Two generations ago, retirees largely relied on pensions<\/a> and Social Security to fund their retirement. They didn\u2019t need to know much about asset allocations or safe withdrawal rates to retire comfortably.<\/p>\n

Today, workers shoulder the responsibility for planning and funding their own retirement through investments. The Federal Reserve<\/a> graphed this shift over time, noting that only around 20% of workers now have access to a pension.<\/p>\n

The problem? Too many workers and retirees don\u2019t know the first thing about retirement planning. \u201cAmericans must now navigate increasingly complex financial waters if they want a comfortable retirement,\u201d said Robert Johnson, finance professor at Creighton University<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"In its 2026 retirement survey, Clever found that 64% of retirees believe the U.S. is in a retirement…\n","protected":false},"author":2,"featured_media":490617,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530,1666,733,1552],"class_list":["post-490616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance","tag-retirement","tag-social-security","tag-social-security-administration"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/490616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=490616"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/490616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/490617"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=490616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=490616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=490616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}