Post #4210359
2026-07-29 19:51 UTC
Almost nobody in this country has real security in retirement.
Even those who have substantial savings risk having them completely wiped out by the cost of long-term care. “The median cost of assisted living has risen 44 percent in five years, nearly double the rate of inflation.”
For many, long-term care will wipe out their adult children’s savings, too, leaving them with nothing for their own retirement.
Replies (1)
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@gwaldby@mastodon.social 2026-07-29 19:51
This is unsustainable and unfair - a spiral of downward economic mobility that reaches all the way to the top of the middle class.