Political Wrinkles  

Go Back   Political Wrinkles > General Forum > News & Current Events
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

News & Current Events Discuss Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC at the General Forum; WASHINGTON, DC, Oct 25 – Seniors who went back to work after retirement used to do it to keep busy, ...

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 10-26-2013, 10:25 AM
40yearfan's Avatar
Easy Living
 
Join Date: Mar 2012
Location: Phoenix, AZ.
Gender: Male
Posts: 9,970
Thanks: 2,617
Thanked 3,963 Times in 2,718 Posts
Default Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC

Quote:
WASHINGTON, DC, Oct 25 – Seniors who went back to work after retirement used to do it to keep busy, but the Obama Recession and the uncertainties of the Affordable Care Act have made it an economic necessity for more and more older Americans, according to Dan Weber, president of the Association of Mature American Citizens.

“Two recent Gallup surveys show that there are more post-retirement job seekers out there than ever before, mainly because they’ve lost confidence in the economy. The historically destructive recession that started as the president took office and his inability to speed up the recovery have seniors scrambling for ways to salvage what’s left of their retirement. Bear in mind that while the net worth of all Americans has declined sharply during this period, seniors have been hardest hit.”

In one study released a few days ago, Gallup concluded that “Americans’ biggest financial concern is funding their retirement, with 61% worried about having enough money for that. This worry has been exacerbated by the recession’s aftermath, which has perhaps caused more seniors and baby boomers near retirement age to remain in the workforce and postpone retirement until they have replenished their nest eggs.”
Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC - AMAC, Inc.
__________________
__________________________________________
We are advised to NOT judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics.
Reply With Quote
  #2 (permalink)  
Old 10-26-2013, 10:28 AM
40yearfan's Avatar
Easy Living
 
Join Date: Mar 2012
Location: Phoenix, AZ.
Gender: Male
Posts: 9,970
Thanks: 2,617
Thanked 3,963 Times in 2,718 Posts
Default Re: Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC

The problem with this is the fact that they are taking jobs away from the younger people, but for a lot of them, they won't be able to make it through their retirement years due to the bad economy. What a mess.
__________________
__________________________________________
We are advised to NOT judge ALL Muslims by the actions of a few lunatics, but we are encouraged to judge ALL gun owners by the actions of a few lunatics.
Reply With Quote
  #3 (permalink)  
Old 10-26-2013, 01:09 PM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 56,804
Thanks: 2,395
Thanked 38,435 Times in 21,522 Posts
Default Re: Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC

Quote:
Originally Posted by 40yearfan View Post
The problem with this is the fact that they are taking jobs away from the younger people, but for a lot of them, they won't be able to make it through their retirement years due to the bad economy. What a mess.
Yup...

McDonald's used to be a place for teens to "cut their teeth" in the working world...

Now they're filled with moms trying to support four kids and grandma supplementing her retirement...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
Reply

Tags
amac, back, eggs, going, nest, retirement, salvage, says, seniors, their, work

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 01:18 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0