AARP Home » AARP Blog » AARP »Your Life »Yes, Things are That Tough

Yes, Things are That Tough

Posted on 05/13/2008 by | General News | Comments

Your Life Print Print

New survey out today that says boomers are feeling the pinch of the sluggish economy. 81% of Americans 45 plus say the economy is in fairly bad or very bad condition. Even more upsetting, one in ten is borrowing to pay everyday expenses and more than a third of them are helping their children pay bills.
For boomers (45-64) almost a quarter are prematurely taking money out of their 401(k)s and other investments. For those 65 plus, almost six out of 10 are having a harder time paying for food, gas and medicine.
This is tough news for the state of the economy. But it may be even tougher for politicians. Almost three-in-four (74%) say their elected officials are not doing enough to help people caught in the economic squeeze. Sounds like a warning to me.

tell us whatYOU THINK


Please leave your comment below.

You must be signed in to comment.

Sign In | Register