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Why ‘looking poor’ is crucial for a comfy retirement in America. How fake social status could be ruining your finances
Yahoo Finance· 2026-02-14 12:30
In your 60s and 70s, the goal should be to retire well, not impress your friends and family. Unfortunately, it’s easy to forget this simple principle. Many retirees quietly sabotage their financial future just to keep up appearances. Must Read Nearly one in 12 baby boomers (8%) between the ages of 60 and 78 said they felt some social pressure to spend beyond their means and keep up with the financial status of someone in their peer group, according to LendingTree (1). That’s a small minority, but if y ...