‘Golden Years’ anything but for many seniors

Many seniors face dire financial challenges that equate to insecurity.

by: Lora Bray

Life changes as we age, with various financial implications.

We know one American Dream is to find a good job, buy a home, start a family, take a vacation, send the kids to college, and finally enjoy a well-deserved comfortable retirement. After death, many hope to bequeath assets to heirs.

But what is the reality of the dream for seniors? What are the experiences of those whose children are grown, and for whom retirement is (or may not be) a reality? Have they reached a long-awaited golden age?

Various perspectives exist as to the adequacy of retirement readiness.

“More People Feel Like They Might Actually Have Enough Money in Retirement,” says one study, indicating 52% believe they will be able to swing retirement.

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