Younger Boomers Cut Back


	Younger Boomers Cut Back

Hana Alberts

5-22-2008 2:06 PM

867 views

Hana Alberts says:

Some boomers aged 45 and up and are resorting to tactics like postponing paying bills and cutting back on medications to compensate for their shrinking wallets.

What would you cut back on?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bb0ef697-c351-485c-93be-15889e5f315a/284630B9-EE34-47BE-AADA-4B70E712C8EA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html" href="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html" style="font-size: 11px;">www.aarp.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html"><H3>
		Survey Finds Younger Boomers More Likely to Postpone Paying Bills, Cut Back on Medications
		<EM>/ News Release</EM>
	</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html"><P>According to the survey, 81% of all Americans ages 45 and older say the economy is in fairly bad or very bad condition, and almost three-in-four (74%) say their elected officials are not doing enough to help people caught in the economic squeeze.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html"><P>More than one out of four middle-aged and older workers (27%) say they postponed plans to retire due to the recent economic downturn.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html"><P>Almost 25% of people ages 45-64 are prematurely taking money out of their 401(k)s and other investments.  Younger boomers (ages 45-54), in particular, are doing things like postponing paying bills (27%) and even cutting back on medications (17%).</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.aarp.org/research/press-center/presscurrentnews/aarp_economic_survey_boomers_and_their_parents_sha.html"><P>Almost two-thirds (63%) of those asked own stocks individually or through retirement plans like 401(k)'s or IRAs.  More than 7 in 10 (72%) of these investors lost money on their portfolio in the last year.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/284630B9-EE34-47BE-AADA-4B70E712C8EA/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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