'We didn't think it would be this hard': Retirement is an uphill battle for many Americans, and working longer won't fix it

Steve Dacus calls his and his wife's retirement struggles a 'perfect storm'

According to research by The New School, many American families experience downward social mobility in retirement caused by a lack of savings, and that can't be remedied by working longer. Saving more is the only solution. Nashville, Tennessee residents Mary and Steve Dacus haven't found retirement to be easy. Like many middle- and working-class Americans, they had only modest savings for retirement.

According to research by The New School, many American families experience downward social mobility in retirement caused by a lack of savings, and that can't be remedied by working longer. Saving more is the only solution. Nashville, Tennessee residents Mary and Steve Dacus haven't found retirement to be easy. Like many middle- and working-class Americans, they had only modest savings for retirement.

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