Will I ever be able to retire?
That's a question many Americans ask themselves. And increasingly the answer is no - or at least not at the traditional retirement age of 65.
According to the Bureau of Labor Statistics, 27% of those aged 65 to 74 were still gainfully employed in 2018. That's up from 17.7% two decades ago.
The BLS also noted that the number of those 75 years of age or older still in the workforce has almost doubled to 8.7% from 4.7% in 1998.
In 10 years the BLS says about a third of all Americans 65 to 74 will be employed.
There are several reasons, but perhaps the most critical factor is that since the decline of pensions and the rise of Individual Retirement Accounts and 401(k)s, we just aren't saving enough for a secure retirement.
That's easier said than done. Many Americans have trouble making ends meet on what they earn. Retirement savings, while critical, sometimes takes backseat to paying the bills.
And as more and more seniors remain in the workforce - or re-enter the job market - that could mean the job market will become even tighter for younger workers.
This isn't good news for anyone and, frankly, we don't know the solution. We can say, though, that every American should take a good hard look at their finances and try to come up with a plan for retirement.
And don't put it off. Remember, the earlier you start saving, the better.