What to do when you reach 50 without planning for retirement

Ricardo Mucci did not plan to retire. "I have always been a Social Security contributor, but I retired at 65 earning a minimum wage. "What happens is that many times the debts accumulate, so 34% of the population has made new debts, 24% use their savings to get by and 20% ask for bank loans," reports Clea Kouri, partner-founder of Data8.