Although most people plan to work until 65 or later, about half of people who retire sooner than they had planned do so because of events beyond their control. (Photo: Shutterstock)
Most financial experts agree that a retirement crisis is either looming on the horizon or already here, due to Americans' insufficient savings.
The Schwartz Center for Economic Policy Analysis at the New School estimates that roughly 40% of Americans, or 2 out of every 5 who are currently considered 'middle-class' based on their income, will fall into poverty or near poverty by the time they reach 65.
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