Money Lessons From Older Americans Who Learned The Hard Way | Life Lessons | Business Insider

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Nearly half of Americans aged 60 and older can't afford their daily needs, the National Council on Aging estimates. Over 3,800 older Americans reached out to Business Insider to share their financial regrets and the lessons they wish they had learned earlier. Six shared advice on saving, investing, and preparing for retirement. Updated 1/27/25: BI reporters worked with participants to refine their letters for clarity and to ensure key quotes and details from their interviews were included. Read: "She's 93 and still job searching. Why older Americans work, even if they're sick": https://trib.al/1CU30Az Read "A trucker in his late 70s who can't afford to retire shares the big regret he made decades ago that may have changed his circumstances." https://trib.al/1bzl4gj Read "A woman who retired at 55 after a brain tumor lost her savings paying off $100,000 in medical debt. She regrets being so generous." https://trib.al/cs9ralp Read: "A woman who retired early at 58 thought she was ready with over $500,000 in savings. A few years later, it was gone." https://trib.al/LzrU7w6 00:00 - Dear Younger Self 00:49 - "Save Money And Invest In A Roth IRA Or 401(k)" 02:21 - "Don’t Pile Up Debt" 04:36 - "Prioritize Your Health" 05:54 - "Don’t Retire Early" 08:29 - "Pursue A Career You’re Passionate About" 10:12 - "What We Did Right" 11:53 - Credits ------------------------------------------------------ #money #personalfinance #businessinsider MORE BUSINESS INSIDER VIDEOS: The Evolution Of Musk And Trump's 'Bromance' | Business Insider https://www.youtube.com/watch?v=YLu_MsWnGyM The Billionaire Trying To Live Forever | Life Extended | Business Insider https://www.youtube.com/watch?v=8W4bLxQAQgQ You're Being Lied To About Ozempic | Truth Complex | Business Insider https://www.youtube.com/watch?v=_GPtQbeWW5Q Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: https://www.facebook.com/businessinsider Business Insider on Instagram: https://www.instagram.com/businessinsider Business Insider on Twitter: https://www.twitter.com/businessinsider Business Insider on Snapchat: https://www.snapchat.com/discover/Business_Insider/5319643143 Business Insider on TikTok: https://www.tiktok.com/@businessinsider Money Lessons From Older Americans Who Learned The Hard Way | Business Insider