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shAARP Talk: Observations from AARP

(Category: General AARP)

David Goldstein | October 7, 2008 | 9:22 AM
David Goldstein

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So the stock market has hit its lowest levels in four years, credit is tight and home values are down. We are all starting to get accustomed to these facts, but the real-world implications for the economic slow down are just starting to reveal themselves. One of the big losers in the current economic climate is retirement savings. Even before the markets really tanked, an AARP survey showed that 20% of baby boomers had stopped contributing to their retirement savings, and a third were considering postponing retirement. It's doubtful that the swooning economy of recent weeks has done much to improve these numbers. So if your nest egg is starting to look like this:
eggs.jpg
You're not alone.

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