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Benzinga
Benzinga
Business
Adrian Volenik

A Son Warned His Mom To Save For Retirement, But She Told Him It's A Scam. Now She's Getting Divorced And Is Retired With Nothing Saved

Belief Blocks Saving

A concerned son shared a tough story about his 67-year-old mom who retired with no savings, is now getting divorced, and only has $1,000 a month to live on. He had warned her in the past to save for retirement, but she refused.

“She told me it was a scam,” he wrote in the r/povertyfinance subreddit recently. “I have also told her she needs to get a job to at least have some money. She hasn’t tried, but says no one will hire her as she’s too old.”

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