Archives of Monthly News Updates
for a Time of Transition
Retirement
September, 2008
- November, 2009
November, 2009
* Trauma a Credit Crunch Forces Americans to Grow Old on the Job MSNBC 11/15
September, 2009
* Retirement: How Does the US Compare MSN Money 11/3 Not so well.
August, 2009
*
Social Security is also facing long-term
financial problems.
Millions Face Shrinking Social
Security
Payment
CNBC 7/2 Does this mean we'll see even more geriatric
crime (Note above)
June, 2009
*
Senior feeling poorer: 600,000 are
delinquent or in foreclosure. If they
can't sell their homes they can't move
into retirement centers
Mortgage
Crisis Robbing Seniors of
Golden Years
USA Today 6/5
* Retirement dreams vaporize, says a
Harris Poll of 2000 from across generations
Retirement at Tipping Point: They Year that Changed Everything
Huffington Post, by Ken Dychtwald
May , 2009
* With fewer people working, fewer
funds from payroll taxes threaten the future of Medicare and Social
Security.
Recession Drains Social Security New
York Times 5/12
* Nation's largest pension plan assets
shrank 79% in 2008
More Companies Freeze Pensions USA Today 5/11
* $5 trillion of $7 trillion loss in
stock value in February absorbed by those over 50
Time for a New Financial Plan AARP Bulletin May, 2009
* Retirement dreams vaporize, says a
Harris Poll of 2000 from across generations
Retirement at Tipping Point: They Year that Changed Everything
Huffington Post, by Ken Dychtwald
April, 2009
*Americans are working longer; have fewer
benefits
Workers Putting Off Retirement Business Week 4/48
* Extreme deterioration in surplus SSI funds
in 2008-2009 noted
Social Security Bomb about to Explode lnsider 4/11
*
More Americans 55 and older are working longer, and those looking for
jobs face a technologically transformed market where potential employers may
deem them overqualified
Job Market Is Especially Cruel for Older Workers LA
Times 4/11
March 2009
* Private
pension funds face deficits
Largest Pension Plans Assets Fall $217B Short USA Today 3/12
*
Economic decline ravages hospitals
Half of Hospitals in the Red Los Angeles Times 3/2
February, 2009
* State and local governments set
aside virtually no benefits.
Benefits Neglected for Civil Retirees
USA Today, 2/15
* 40% of American age 45-64 expect to
delay retirement
Boomers Forced to Postpone Retirement GNS Global Study
January, 2009
*
401(k) have lost $1 trillion dollars since 2007 high
The Failure of the 401(k) Los Angeles Times, 1l12
*Corporate pension
plans underfunded by $409 billion
Stock Downturn Puts Pensions in the Red Los Angeles
Times, 1l8
November, 2008
* Senior citizens selling their life insurance
policies to live on despite higher fees and lower values
Source of Cash Drying Up for Seniors Wall Street Journal 11/11
*Dwindling financial resources force
many seniors to return to work.
More Retirees are Hunting for Jobs in Bad Economy
NewsDay 11/6
October, 2008
* Employees needing to assume greater
responsibility for retirement savings.
More firms may end 401(k) match
USA Today, 10/29/08
* Working longer may be good for you - or not.
There Goes Retirement USA Today
10/27