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Dear Friend,
Did you know that two-thirds of U.S. workers haven’t saved enough money for retirement? Half of households aged 55 and older have no retirement nest egg at all. That’s startling when you consider that many people will spend a third of their adult lives in retirement.
As senior writer Kim Henderson reports in “Rethinking retirement,” the cover story of the new issue of WORLD Magazine, many Americans are relying heavily on Social Security to make ends meet once they reach their golden years. But some—like Anita Uhlir, a widow and retired chemist from Paw Paw, Mich.—are realizing that Social Security payments are insufficient to maintain their previous standard of living. Even with a nest egg, many seniors still have to pinch their pennies from month to month.
Kim explains that Social Security is expected to become insolvent by 2035 without a boost in funding. Some experts have proposed reforming the retirement program by instituting a flat payout rate or raising the retirement age to 70. But for now, seniors like Uhlir will continue to stretch their income and avoid unnecessary expenses like eating out.
Meanwhile, Emma Freire reports on the “super savers” who are stashing away every available dollar in the hopes of retiring early—up to 20 years early.
Also in this issue, Addie Offereins reports on conscience rights protections for medical workers and how such protections often fail without a sympathetic White House administration to enforce them.
Please read on for a sampling of what else you’ll find in the June edition of WORLD Magazine.
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