American retirees increasingly dissatisfied due to financial challenges

A recent survey shows that American retirees are increasingly dissatisfied with their lives. Satisfaction levels have dropped since 2020, with 31% reporting spending exceeds their budget, up from 17% in 2020. Inflation and rising healthcare costs are major concerns. Many retirees face financial challenges, with 63% carrying debt, primarily credit card debt, which has risen significantly since 2020. Additionally, 59% have less than three months of emergency savings, down from 69% in 2022. Despite these issues, retirees have seen a 47% increase in real estate equity since retirement. Most rely on Social Security for income, with many also receiving pensions or annuities. Health and social connections are key factors for those reporting higher satisfaction.