Americans are concerned about retirement costs

WEST SPRINGFIELD, Mass. (WWLP) – They’re known as the golden years — retirement spent with family, traveling, or simply relaxing, but the majority of Americans fear they won’t be able to afford it.

A new Gallup poll reveals close to 60%  of people think after a career of hard work, they won’t have enough saved to stop working. But for a lot of families, it’s hard to put away money to save when there are bills that need to be paid right now.

“People are always trying to juggle things to pay for tomorrow. They don’t think about ten years from now. It’s something you have to think about but it’s difficult. Everything costs so much these days. Rent and gas and food and just life in general,” Makita Gilliam of Springfield said.

Gilliam said right now her attention is on her student loans, and she’s certainly not alone. There’s as much as $1 trillion dollars in outstanding student loan debt circulating in the U.S. today.

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