Retirement Crisis: Understanding the Problem and Finding Solutions

Imagine you are a retiree who has worked hard your entire life, saving what you could for retirement. However, as you approach retirement age, you find yourself unsure of how much income you will have in retirement. The thought of not having enough money to maintain your standard of living is causing anxiety and stress. Unfortunately, this is not an uncommon scenario for many retirees today. The retirement crisis rages on impacting millions of Americans. In this post, I will examine the retirement crisis and the importance of having extra retirement income. I will also discuss how affiliate marketing can be a solution for generating extra retirement income and provide you with tips for getting started. By the end of this post, you will have a better understanding of the retirement crisis and the steps you can take to secure your financial future.

The Retirement Crisis: Understanding the Problem

The Retirement Crisis:

The current retirement crisis feels like The “Perfect Storm”, that has been brewing for a while. Three major contributing factors are living paycheck to paycheck, not saving enough, and the loss of many pensions due to the pandemic causing massive layoffs. Let’s take a deeper look:

Financial Struggles: Research shows that 80% of households with older adults, or 32 million, are financially struggling or at risk of falling into economic hardship. This means that a large percentage of Americans are not saving enough for retirement and may not have sufficient assets to maintain their standard of living in retirement

Savings Gap: Another reason for the retirement crisis is the lack of savings among Americans. Many people are not saving enough for retirement, and those who are saving often have insufficient assets. Pew’s research highlights the fact that people simply do not have enough money to live on given their expected retirement expenses.

Importance of Workplace Retirement Plans: America’s savings crisis has been exacerbated by the addition of a once-in-a-century pandemic, which upended many people’s finances. The lack of emergency funds, long-term savings, layoffs, and housing insecurity are just a few of the challenges that have left Americans struggling to make ends meet, let alone save toward retirement.

As the reality sinks in, stress takes hold. You’ve worked so hard for retirement, yet lingering questions threaten to cast a dark shadow over your future. Unfortunately, you’re not alone in your worries.

You had a plan in place, but you find yourself unsure of how much income you will have in retirement. The thought of not having enough money to maintain your standard of living is causing anxiety and stress.

The retirement crisis is creeping in to affect younger generations as well. They are facing challenges that previous generations did not have to worry about. For example, the gig economy is creating new opportunities for income generation, but it has also made retirement planning more complex. Younger workers will need to navigate a patchwork of part-time jobs and freelance work to save for retirement.

By understanding the problem and its root causes, we (myself included) can begin to explore solutions that will help secure your financial future. In the next section, we will discuss the importance of having extra retirement income and how affiliate marketing can be a solution for generating that income.

The Importance of Extra Retirement Income

Extra Retirement Income

Retirement planning is a crucial aspect of securing your financial future, but it can be a complex and daunting process. Your retirement plan should include evaluating your expenses, setting up a savings program, managing your assets and risks, and identifying all your potential income sources. Even though traditional sources of retirement income, such as pensions and Social Security can provide a foundation for your retirement income, they may not be sufficient to maintain your standard of living during retirement.

So, this is where we look to find extra retirement income ideas. Extra retirement income refers to income generated from sources outside of traditional retirement income streams. One solution for generating extra retirement income is affiliate marketing.

Affiliate marketing is a way to make money online by promoting products or services made by someone else. You earn commissions on sales generated through your marketing efforts. It is a low-cost and flexible way to generate extra income in retirement. You promote products or services that align with your interests and expertise.

Another source of extra retirement income is freelancing, Freelance marketing is when you work independently with one or more clients to provide marketing services.


I have a great post that explains the difference between Freelancing and Affiliate Marketing. Check out this post to see which is right for you.

Freelance vs. Affiliate Marketing 2023:
Which One is Right for You


Passive income streams, such as dividend-paying stocks and bonds, can also provide extra retirement income. According to the Department of the Interior, passive income streams can be a reliable source of income in retirement, but they require careful planning and management.

Overall, having extra retirement income is becoming more of an integral part of maintaining your standard of living in retirement. By exploring different sources of additional income, you will have a better chance of securing your financial future and enjoying a comfortable retirement. In the next section, I will show you how affiliate marketing can be a solution for generating extra retirement income and provide tips for getting started.

Affiliate Marketing as a Solution for Extra Retirement Income

Affiliate Marketing

For retirees seeking opportunities to supplement their savings, affiliate marketing presents a viable option worth exploring. As a performance-based model, it rewards affiliates for bringing new customers through the door to online vendors.


Rather than operating their own business, affiliates promote products or services offered by other companies. This allows retirees to leverage their interests, knowledge, and networks to recommend vetted solutions tailored to fit niche audiences. If a sale results from their referral, affiliates earn a commission – without large upfront costs or overhead concerns.

By steering traffic toward aligned offers that solve real problems, affiliates can profit from their marketing acumen and cultivated audiences. This offers retirees a low-risk way to translate soft skills and expertise into extra retirement income. Whether promoting brands in their sphere of influence or starting an affiliate program of their own, motivated retirees can carve out supplemental streams of ongoing revenue.

To get started, diligent research identifies the best offerings within a retiree’s domain of experience. From there, strategic content develops trusting relationships and guides engaged followers toward value-driven purchases. With commitment and expertise applied through the affiliate model, supplemental retirement prosperity becomes achievable through this flexible online opportunity.

One of the benefits of affiliate marketing is that it is adaptable and low-risk, with little to no startup fees. Affiliate marketing is a great way to drive sales and generate significant online revenue. It is beneficial to both brands and affiliate marketers, making it a win-win situation for everyone involved.


Getting started with affiliate marketing is relatively easy. Just check out this post

How to Start a Blog in Your 50s:
A Step-by-Step Guide for Beginners


Affiliate Marketing

You can become an affiliate marketer and recommend other brands, products, or services to your audience. You can do this through various channels, such as social media, blogs, and email marketing. The key is to find products or services that align with your interests and expertise, making it easier to promote them to your audience.

To be successful in affiliate marketing, it is essential to create engaging and effective content that drives traffic to your links and generates sales. As discussed in Smart Passive Income4, you can do this by providing honest and informative reviews of products or services, creating engaging content that resonates with your audience, and offering bonuses or incentives to encourage sales.

While affiliate marketing can be a great way to generate extra retirement income, it is important to remember that it is not a get-rich-quick scheme. As discussed in Outbrain5, affiliate marketing requires hard work, dedication, and patience. It takes time to build an audience and establish yourself as a trusted authority in your niche.

Overall, affiliate marketing can be a practical and flexible way to generate extra retirement income. By promoting products or services that align with your interests and expertise, you can earn commissions on sales generated through your marketing efforts. In the next section, I will fill you in on how to get started with affiliate marketing and provide tips for creating engaging and effective content.

Getting started with affiliate marketing is relatively easy. You don’t need to have any experience in affiliate marketing to get started. Most affiliate marketing programs come with a guide to help you work as an affiliate marketer in your organization and earn money. They will provide you with the step-by-step process you need to understand the products and what has been requested or required of you.

Here are The Steps to Get Started with Affiliate Marketing:

  1. Follow Setting Points: Setting Points is a blog that provides valuable information on extra retirement income and affiliate marketing. By following Setting Points (on Facebook), you can stay up-to-date on the latest trends and strategies in affiliate marketing.
  2. Join Wealthy Affiliate: Wealthy Affiliate is an online training platform that provides comprehensive training on affiliate marketing. As discussed in eBiz Facts3, Wealthy Affiliate offers decent training on affiliate marketing fundamentals, with lessons that are short and simple, easily digestible. They also offer a 7-day (limited) free trial and only $19 for your first month. By joining Wealthy Affiliate, you can learn the ins and outs of affiliate marketing and get started on your journey to generating extra retirement income.
  3. Choose a Niche: According to Neil Patel, choosing a niche is the first step in becoming an affiliate marketer. You want to choose a niche that you are passionate about and that aligns with your interests and expertise. This will make it easier to create engaging and effective content that resonates with your audience.
  4. Find Affiliate Programs: Once you have chosen a niche, you need to find affiliate programs that align with your niche. You can do this by looking at affiliate marketing networks in your niche and comparing the types of products and services offered.
  5. Create Engaging Content: To be successful in affiliate marketing, it is essential to create engaging and effective content that drives traffic and generates sales. As discussed in Smart Passive Income6, you can do this by providing honest and informative reviews of products or services, creating engaging content that resonates with your audience, and offering bonuses or incentives to encourage sales.

By obeying the steps as outlined in this blog post,

  1. Following Setting Points
  2. Joining Wealthy Affiliate
  3. Choosing a Niche
  4. Finding Affiliate Programs
  5. Creating Engaging Content

Retirees can generate extra retirement income and secure their financial future. Remember that affiliate marketing requires hard work, dedication, and patience, but with the right strategy and approach, it can be a practical and flexible way to generate extra retirement income.

The key is to get started today.

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Don Dixon
Don Dixon

Over 30 years in Sales, Marketing, Customer Service, Operations, Management, Training, and Website Development did not save me. The Gray Apocalypse is Real. I am here to help you earn the extra retirement income you will need to live a golden retirement by writing about what you love. My ultimate goal is to prevent you from living in the age of the Gray Apocalypse.

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