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Expand chart
Data: SurveyMonkey online poll with a margin of error of ±2.5 percentage points; Chart: Andrew Witherspoon/Axios

Americans' sentiments about retirement illustrate the impact of growing socio-economic inequality in the country.

The bottom line: Inequality is cyclical. Poorer, less educated, marginalized Americans face more hurdles to reaching a comfortable retirement. Meanwhile, wealthier Americans are more likely to have the luxury of retiring or working as long as they want.

69% of adults who make more than $100,000 annually said they were hopeful about their retirement versus 49% of those whose income is less than $50,000, according to an Axios-SurveyMonkey poll.

The big picture: U.S. jobs with the highest median ages — signaling more elderly employees — range from CEOs with a median annual income of $183,300 to motor vehicle operators who make a median of $26,600 a year, as Axios has reported.

  • Elderly people in high-paying, less physically demanding jobs are able to keep working and making more money to fund a nicer retirement.
  • Meanwhile Americans with lower incomes are more likely to have health problems, preventing them from working longer to save more for retirement.
  • "They're the ones who could benefit the most from working longer. But they are the ones who are least able to work longer," Urban Institute's Program on Retirement Policy director Richard Johnson told Axios.

Go deeper:

Go deeper

Updated 1 min ago - Sports

Big European soccer teams announce breakaway league

Liverpool's Mohamed Salah (L) after striking the ball during the UEFA Champions League Quarter Final Second Leg match between Liverpool F.C. and Real Madrid at Anfield in Liverpool, England, last Wednesday. Photo: John Powell/Liverpool FC via Getty Images

12 of world soccer's biggest and richest clubs announced Sunday they've formed a breakaway European "Super League" — with clubs Manchester United, Liverpool, Barcelona Real Madrid, Juventus and A.C. Milan among those to sign up.

Why it matters: The prime ministers of the U.K. and Italy are among those to express concern at the move — which marks a massive overhaul of the sport's structure and finances, and it effectively ends the decades-old UEFA Champions League's run as the top tournament for European soccer.

3 hours ago - Politics & Policy

Senate Democrats settling on 25% corporate tax rate

Sen. Joe Manchin (D-W.Va.). Photo: Chip Somodevilla/Getty Images

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

GOP pivot: Big business to small dollars

Illustration: Annelise Capossela/Axios

Republican leaders turned to grassroots supporters and raked in sizable donations after corporations cut them off post-Jan. 6.

Why it matters: If those companies hoped to push the GOP toward the center, they may have done just the opposite by turning Republican lawmakers toward their most committed — and ideologically driven — supporters.