Seniors though don't have that kind of leeway, and are faced with a smaller set of options as to how they can recoup their losses..
The Employee Benefit Research Institute reported that 3.8 percent - 14.3 percent of households had a worsening of their retirement capability during the recession. This was linked with the age of the homeowner, as well as what types of investments the homeowner held.
According to a Feb. 7, 2011 article on USNews.com, Boomers who were born betweem 1948 and 1954 were found in 2010 to have a 47.2 percent risk of not having enough to retire on. Those Boomers who were born between 1955 and 1964 had a slightly lower risk of 43.7 percent.
Elderly Poverty. Nursing-home-abuse.org. Retrieved April 22, 2012.
Seniors 'near poverty' are at risk in deficit cuts. MSN.com. Retrieved April 22, 2012.
How to Put Your Retirement Back on Track. USNews.com. Retrieved April 22, 2012.
Reviewed on April 24, 2012
by Maryann Gromisch, RN