Retirement Realities: Navigating Financial Instability

This chapter explores the current retirement crisis shaped by economic downturns, highlighting how early retirements often leave individuals financially vulnerable. It discusses the disparities in retirement savings, particularly how 401(k) plans favor the privileged, and critiques the inadequacies of the American retirement system in comparison to global models. Additionally, the chapter examines the evolution of Social Security and the systemic issues surrounding it, emphasizing the need for more sustainable and equitable retirement solutions.