The US is facing a growing retirement crisis as more elderly people lose their homes due to low savings and soaring living costs.
Experts say millions retire without employer-backed pensions and rely only on limited Social Security payments, which can’t cover rising rents and healthcare. The number of homeless seniors has doubled in the past decade, especially in major cities.
States are promoting “Auto-IRA” savings programs to address the issue, but economists warn that without deeper reforms, the right to a dignified retirement is at serious risk.
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