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7 Reasons Your Retirement Might Be in Jeopardy

Posted By Tamara Lytle On January 15, 2013 @ 12:00 pm In Bulletin Today,Politics | Comments Disabled

Feeling uneasy about ever getting the middle-class retirement you planned on? Trust your instincts.

The nation’s middle class is taking a beating, according to new reports [1] by the AARP Public Policy Institute. Just how bad is it?

[2]“The decline of the middle class threatens our ability to fund health and retirement programs, to maintain a safety net for the most vulnerable and to invest in our future,” says AARP CEO A. Barry Rand [3].

Most Americans consider themselves “middle class,” so it’s little wonder that both Democrats and Republicans frame their positions on issues in terms of how they would help that group. Here are seven of the most troubling facts from the AARP reports that Washington lawmakers should pay attention to.

 

Photo: Lynn Johnson/National Geographic Creative/Getty Images


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URL to article: http://blog.aarp.org/2013/01/15/7-reasons-your-retirement-might-be-in-jeopardy/

URLs in this post:

[1] new reports: http://www.aarp.org/research/ppi/security/

[2] Image: http://blog.aarp.org/wp-content/uploads/2013/01/200-white-picket-fence-declining-middle-class.jpg

[3] says AARP CEO A. Barry Rand: http://www.aarp.org/politics-society/advocacy/info-01-2013/middle-class-security.html

[4] will fall to “low income”: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/building-lifetime-middle-class-security-AARP-ppi-sec.pdf

[5] live on just 73 percent: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/retirement-prospects-middle-class-summary-AARP-ppi-sec.pdf

[6] steepest increases among those 50 and older: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/middle-class-balance-sheet-1989-2010-summary-AARP-ppi-sec-pdf.pdf

[7] Americans 50 and older had the most: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/older-americans-and-credit-card-debt-summary-AARP-ppi-sec.pdf

[8] financially secure fell by 38 percent: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/tracking-the-decline-middle-class-in-the-2000s-summary-AARP-ppi-sec.pdf

[9] spent 51 percent more on health care: http://www.aarp.org/content/dam/aarp/research/public_policy_institute/security/2013/impact-of-rising-healthcare-costs-summary-AARP-ppi-sec.pdf

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