The Villages is 32-square-miles of unbridled growth. The 55+ community features three Disney-like town squares – Spanish Springs, Brownwood, and Sumter Lake – with a fourth, Southern Oaks, under development. Retirees zip along in colorful golf carts through the perfectly landscaped grounds on paths that were designed for the vehicles. The residents use the golf […]
Examining the Nest Egg: The Sources of Retirement Income for Older Americans
A new report finds that a large portion (40 percent) of older Americans rely only on Social Security income in retirement while only a small percentage of older Americans (seven percent) receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to […]
Working Longer Is A Lame Answer For Failing Pensions
It’s a journalism cliche that reporters always highlight the bad: they never write about the planes that don’t crash or the companies that don’t lie and cheat. But the topic of working into old age seems to be one of the most consistent exceptions. Most every example of journalism about working longer is of someone […]
Turning Gray and into the Red: the True Cost of Growing Old in America
The U.S. population is aging at such a rate that within a few years, older Americans will outnumber the country’s children for the first time, according to census projections. But rising rents, health care and other living costs mean that for many entering their retirement years, balancing the household budget can be a struggle. To […]
The Decade in Retirement: Wealthy Americans Moved Further Ahead
In 2010, the economy was just beginning to recover from the worst recession and financial crisis in recent memory. The unemployment rate was high, the stock market was coming back and millions of workers were worried that their retirement plans were ruined. Since then, a robust economic rebound has put some Americans back on solid […]
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