Monday, November 21, 2005

 

Will Retirement Be Golden For Boomers?

Today's seniors enjoy a "golden age of retirement security." Yet the median income of individuals age 65 and over last year was just $15,199 in the United States.

For many, those two sentences may sound contradictory. Living on 15 grand a year does not sound like a flush American living standard. Of course, many retirees own their homes outright and aren't paying a mortgage anymore. But they are still paying property taxes, maintenance, and utilities.

Will Retirement Be Golden For Boomers?
Source: Insurance News Net

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