It’s not just young people who are getting screwed by the current economy.

New surveys are finding that a striking proportion of older hard-working Americans no longer harbor aspirations of retirement.

The notion of retirement, once held as a sacred stage of life and a shared expectation in the workforce, now finds itself fading away. A secure and comfortable retirement necessitates diligent savings, and yet, many toil under the weight of insufficient funds.

A poll conducted by Axios and Ipsos in July found an astonishing 29% of workers under the age of 55 boldly declared, “I don’t believe I will ever retire.”

“One in five Americans don’t think they’ll ever retire. Among the people who don’t think they’ll ever retire, a decisive majority (70%) say that they won’t ever retire because they can’t or won’t be able to afford to retire, versus 19% of people who just don’t want to retire (an additional 10% picked ‘other’ as a response),” the pollsters wrote.

In another study by the Employee Benefit Research Institute (EBRI), a staggering one-third of workers now anticipate reluctantly bidding adieu to the workforce at the ripe age of 70 or beyond, or worse, never doing so.

A third report, this one from the Transamerica Center for Retirement Studies, echoed a similar sentiment, revealing that 40% of Generation X employees and nearly half of the Baby Boomer generation had resigned themselves to the prospects of retiring after the age of 70 — or surrendering altogether.

It appears that apprehensions surrounding retirement are on the rise. The EBRI survey unveiled a disconcerting reality; the percentage of workers intending to postpone retirement magnified to 33% in 2023 from 29% in 2022 and just 26% in 2021.

Ironically, the summer of 2023 seems an inopportune moment for Americans to find themselves grappling with dwindling retirement coffers. A substantial 75% of all 401(k) funds lay invested in the ebbs and flows of the stock market, which, at large, is experiencing an upward trajectory, notwithstanding some recent market turbulence.

Census data reveals a staggering statistic: more than 40% of Baby Boomers aged 55-64 have no retirement savings. Reasons range from limited options in small companies to being self-employed or lacking the means to save. A NerdWallet analysis shows that this age group’s median retirement savings account sits at a modest $71,168. However, this falls woefully short of the commonly accepted wisdom that workers will need around $1.8 million for a comfortable retirement, as revealed in a recent Charles Schwab survey.

As if this weren’t concerning enough, many Americans express doubt about their ability to live comfortably in retirement. According to the 2023 EBRI survey, 36% of respondents have little or no confidence in their financial security after retirement. Alarmingly, this figure has increased from 27% just a year ago.

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The picture is no brighter for Generation X workers, with only 17% feeling “very confident” about their retirement prospects, according to Transamerica research. It’s worth noting that the oldest members of this demographic are nearing the age of 60.

Amidst these sobering realities, it’s clear that urgent action is needed to address the retirement crisis in the United States.

The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years. Send tips to This email address is being protected from spambots. You need JavaScript enabled to view it. and follow him on Twitter @josephcurl.

Every Sunday morning, legacy media outlets are taken over by elected officials, aspiring elected officials, administration insiders, and the usual collection of talking heads — all of whom are there to discuss specific policies, push talking points, or simply promote their own campaigns.

For those who don’t spend their Sunday mornings glued to the television — and their Sunday afternoons attempting to unravel a full week’s worth of network and cable news media spin — The Daily Wire has compiled a short summary of what they may have missed.

ABC News, “This Week”:

ABC anchor George Stephanopoulos, a veteran of former President Bill Clinton’s White House, spoke with North Dakota Governor and GOP presidential hopeful Doug Burgum on Sunday morning’s broadcast of “This Week” — but he spent most of the allotted time asking Burgum questions about the current frontrunner, former President Donald Trump.

GOP presidential candidate Gov. Doug Burgum tells @GStephanopoulos that voters on the campaign trail are “not asking about the indictments” against former Pres. Trump.

“What they are asking about is inflation." https://t.co/rCsDA9XeQX pic.twitter.com/g8F38h0QdI

— This Week (@ThisWeekABC) August 6, 2023

Despite initially informing Burgum that they would talk about his campaign and the issues he wanted to discuss, Stephanopoulos proceeded to pepper him with questions about Trump and the most recent indictments against him.

“He’s facing three felony indictments. Have you read the indictments, and what’s your reaction to them?,” Stephanopoulos asked — and then later: “Do you have an opinion on the fact that the President Trump tried to overturn the election as alleged in the indictment this week by special prosecutor Smith?”

Stephanopoulos even brought former Vice President Mike Pence — who has also announced a bid for the 2024 Republican presidential nomination — into the conversation, asking, “Was Donald Trump wrong when he pressured Mike Pence not to certify? Was Mike Pence right when he certified?”

Through it all, Burgum argued that the people he had spoken to on the campaign trail were not asking about Trump — rather, they wanted to know who was going to address the issues they faced every day like inflation. “Presidential campaigns should be about the future, not about the past,” he said.

CBS News, “Face the Nation”:

Rep. Dean Phillips (D-MN) said Sunday that he had not yet decided whether he planned to mount a primary challenge against incumbent President Joe Biden — but he did make it clear that he believed someone should.

Phillips told CBS’ Major Garrett that Biden could beat Trump if it came to that, but argued that the American people deserved to see Biden fight for the nomination rather than simply have it handed to him.

“So my call is to those who are well positioned, well prepared, have good character and competency, they know who they are, to jump in, because Democrats and the country need competition,” he said.

Phillips also took aim at Robert F. Kennedy Jr. — who has already begun a campaign for the Democratic nomination — and claimed he didn’t believe the nephew of late President John F. Kennedy even belonged in the same party.

“Not from the positions he’s been taking, no,” Phillips said.

When asked whether he believes Robert F. Kennedy, Jr. is a Democrat, @RepDeanPhillips (D-MN) said, “Not from the positions he’s been taking, no.” pic.twitter.com/smBzqdHQrk

— Face The Nation (@FaceTheNation) August 6, 2023

.@RepDeanPhillips (D-MN) says he has talked to Democrats, Republicans and independents and “everyone wants the same thing” – unity. “I've discovered that everybody in the middle – the massive majority of Americans – are sick of ‘angertainment,’” he said. pic.twitter.com/evqaDkoWrQ

— Face The Nation (@FaceTheNation) August 6, 2023

CNN, “State of the Union”:

Former Vice President Mike Pence — who is vying against his former boss and several others for the Republican nomination — joined “State of the Union” host Dana Bash on CNN to discuss, among other things, Trump.

When presented with Trump’s claim that he was “too honest,” Pence shrugged it off. “I’ve been called worse,” he said.

"I've been called worse."

Former vice president Mike Pence speaks from the 2024 campaign trail about his decision to allow the counting of the 2020 electoral votes and responds to former President Donald Trump calling him "too honest." @CNNSotu #CNNSOTU pic.twitter.com/p2ZYvGrm4b

— CNN (@CNN) August 6, 2023

NBC News, “Meet the Press”:

NBC’s Chuck Todd broke down Americans’ feelings on the politicization of major corporations — such as Bud Light, Target, and others — and determined that more than half the country is unimpressed by corporations getting preachy.

According to the data Todd presented, some 60% felt that it was “inappropriate” for corporations to wade into political and social issues publicly. That number was slightly higher — 71% — among Republicans. And nearly half of those surveyed said that they had made the decision to boycott a company or brand over politics.

DATA DOWNLOAD: About 6 in 10 Americans say it's inappropriate for companies to take a stance on political, social and cultural issues.

➡️ Among Republicans, 71% say it's inappropriate.
➡️ Nearly half of Americans have boycotted a brand over a political or social stance. pic.twitter.com/SVO2tNOnrS

— Meet the Press (@MeetThePress) August 6, 2023

FOX, “Fox News Sunday”:

Rep. Jake Auchincloss (D-MA) joined “Fox News Sunday” anchor Shannon Bream to discuss President Biden’s embattled son Hunter Biden — and he immediately attempted to turn the tables on Republicans and Donald Trump.

Bream pointed to another case in which former Baltimore Police Commissioner Darryl DeSouza had faced harsher consequences for similar tax charges despite owing much less than Hunter did.

Auchincloss agreed that if Hunter Biden was guilty of a crime, he should face consequences — and then immediately claimed first that Republicans were unwilling to say the same about Trump and second that Trump had committed worse crimes than the president’s son.

Bream pushed back, reminding Auchincloss that Hunter Biden was the topic at hand and presenting some of the evidence that suggested he and his father had both been involved in influence peddling.

“It is smoke, it is smoke, it is smoke that Republicans are trying to gin up and there’s no fire,” he insisted.

WATCH: @RepAuchincloss joins to react to closed-door testimony from Hunter Biden's business associate Devon Archer. Tune in! pic.twitter.com/KWq1DAgwFJ

— Fox News Sunday (@FoxNewsSunday) August 6, 2023

MSNBC, “Inside With Jen Psaki”:

Former White House Press Secretary Jen Psaki — who served in former President Barack Obama’s administration in addition to Biden’s — spent a few minutes of her MSNBC show “Inside with Jen Psaki” insisting that there was nothing political about the repeated efforts to damage, destroy, or imprison Trump.

“This is ultimately not about politics. It is not about Joe Biden. It is not about the Republican or the Democratic Party. It is about a coordinated attempt to upend democracy itself by a sitting president,” she claimed.

.@jrpsaki: "This is ultimately not about politics.
It is not about Joe Biden.
It is not about the Republican or the Democratic Party.
It is about a coordinated attempt to upend democracy itself by a sitting president." pic.twitter.com/7WCKTCe9J3

— Inside with Jen Psaki (@InsideWithPsaki) August 6, 2023