Now, at 53, with business in a slump and little money in savings, he’s pessimistic about his chances of retiring.
“It’s never going to happen. By the time I reach retirement age, there won’t be Social Security. There’s not going to be any money,” Edwards said. “I’ll do like my father did: I’ll work ’til I die.”
Across the U.S., such concerns are common among blue-collar baby boomers – the 78 million Americans born between 1946 and 1964. Many have jobs that provide paltry pensions or none at all, as many companies have moved toward less generous retirement packages.