In the past few years, have you experienced a significant decrease in your home’s value? If you have, you are not alone. Approximately 32 percent of seniors have, and one fourth have depleted their personal savings.
The recession has financially impacted many people, but seniors have been hit especially hard. In a survey conducted by AARP that will be released later this year, 83 percent expressed concern that the current economic situation will make it more difficult for them to retire. More than half stated that they do not believe they will have enough money to make it through the entirety of their retirement.
How has the recession affected you? Have you tapped into your retirement account? If so, do you have a new plan?
Read AARP’s full article, “One Fourth of Seniors Have Exhausted Personal Savings,” here.
