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Archive for September 2008

September 2, 2008

“Scary times” for Future Retirees

The current generation of retirees is relatively prosperous. But this may be a historical anomaly, and old age may once again become, for many, a time for poverty, according to an Associated Press report.

AP interviewed several retired delegates to the Democratic convention as well as experts at the Center for Retirement Research at Boston College.

All confirmed the same general trend: the cost of living, especially for seniors, is rising even as the safety nets that traditionally protected seniors are fraying. The result is that ever more retirees are struggling to make ends meet.
[Read more]

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