Not Retiring Is the New Retirement Plan For Many

CalculatedRiskBlog tells us about a new major study of American workers and their retirement plans.  The study is published by the Transamerica Center for Retirement Studies [note for students: the center is an excellent source of research data and analysis].  CalculatedRisks summarizes: From Rachel Ensign at the WSJ: For Many Seniors, There May Be No Retirement … Continue reading Not Retiring Is the New Retirement Plan For Many

Unemployment for Boomers (45-65): Highest Ever

One the greater tragedies of the Great Financial Meltdown  (2007-2009 edition) is not just that unemployment rose to such high levels.  (that was is bad).  It's not just that the unemployment has stayed high and will take years to get return to full employmnent given the weak policy responses (that's worse).  It's not even that … Continue reading Unemployment for Boomers (45-65): Highest Ever

More on Employment & Older Americans: They’re Looking for Work

My earlier post about sources 0f income for older Americans pointed out how it's really earned income, money from working a job, that separates the upper income quartile of older Americans from the other 75% of older Americans with less income.  That alone blows a big hole in the image/myth of American retirement based on … Continue reading More on Employment & Older Americans: They’re Looking for Work