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Moneywise

Here are 3 big reasons millions of Americans struggle in retirement - and it's not because they lack cash. How many are hurting you?

Retirement can be a great stage of life for many seniors — but that isn’t the case for everyone.




A study published in the National Library of Medicine revealed that 28% of retirees admitted to feeling depressed, while others faced additional struggles during their so-called “golden years,” including financial issues.


Obviously, a lack of financial stability is one reason many retirees are having a hard time, with the National Council on Aging reporting that around 80% of older adults either have money troubles now or are at risk for financial instability in the future.


However, retirement can be full of hidden life lessons outside of finances — and they often don’t become an issue until you’ve actually left the workforce.


Social isolation


Roughly 50% of individuals over the age of 60 are likely to experience this issue. Further, one-third will experience loneliness even later in life, according to research published by BMC Public Health.


Social isolation can both decrease quality of life and impact one’s overall health. Many people build their social lives around work or family activities, but once they enter the retirement years and their kids have moved out, they're left without the social circles they've come to depend on.


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