Richard Smith, an 81-year-old American, lives in a 12.8-meter motorhome and continues to work because he did not save enough for retirement. After 30 years at Kodak and a Hollywood film lab, he took early retirement in 2009 and invested his severance in a self-directed retirement account, but poor decisions led to significant losses. He now has $350,000 (309,000 euros) in debt from a mortgage and loans, and only $20,000 in his retirement fund. In winter, he and his wife stay at their Florida home; the rest of the year they live in the motorhome, participating in workamping—working at campgrounds in exchange for a free spot with water and electricity, and sometimes a small payment.
