Worrying about whether you have enough money for retirement is common, and for good reason. A multitude of research shows that the typical American is woefully unprepared for financial stability in their twilight years.
Personal finance expert Suze Orman says this is partly the fault of people who dont realistically plan for their future financial needs. You may think youll get by on less when you retire, but thats probably not going to be the case.
Most likely you will spend more when youre retired, Orman told TODAY. The older you get the more [medications] youll likely need. On average, a person [over 65] takes 17 prescription drugs per year.