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shAARP Talk: Observations from AARP

(Category: General AARP)

David Goldstein | June 17, 2008 | 9:21 AM
David Goldstein

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So many of today's big headlines revolve around Fed Chairman Ben Bernake's recent comments on the state of disrepair of our nation's health care system. He acknowledged that without major reforms to the system, health care costs will continue to rise at an astronomical pace. No kidding.

Rising health care costs are just one contributing factor forcing Americans to stretch a dollar further every day. In fact, more and more Americans are facing the breaking point when it comes to their finances. AARP's Consumer Bankruptcy Project confirmed that bankruptcy rates amongst older Americans have risen 150% in the past ten years. Just another symptom of a country that needs to stop the infighting and come together to solve major challenges.

If this has got you fired up, you're not alone. Let us know what you think it the comment section below.

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