8 Money Trends Shaping Seniors' Lives

Reader Comments
Back to blog

With all of the valid points you bring out, it seems like we will need some kind of drastic measures if we ever hope to get governments and our economy back on its feet. You mention some combination of spending cuts and tax increases but even that will require major changes. What is the likelihood that we will do away with or somehow restrict the mortgage payment deduction? I can see major negative impacts of that as buying a house becomes less attractive and the ripple effect impacts builders and suppliers. But the US is one of the only countries that really drives the "right" to own a home and makes it such an important piece of being happy. Most other countries population rent.

LoveBeingRetired of CA 11:33AM September 29, 2010

I am seventy five years old, not ninty, and remember the great depression times vividly.
It seems to me that it is a good thing that the Americans have gone from a negative savings rate to a six percent and rising rate. I am also heartened each time that I read the statistics indicating the retirement of some $1,200,000 of charge card debt over each month for several months. The return of housing prices to a more reasonable, sustainable cost, also encourages me. The folk holding jobs are reported to be working very hard. All in all, there seems to be a return to the traditional values we have only paid lip-service to in recent decades. Those are encouraging trends to me, not signs of weakening, but strengthening.

Leon Maxwell of GA 9:42AM September 15, 2010

the article contains some solid information.for most people social security is the foundation of their retirement the system,with some minor ajustments,should go on in perpetuity.that being said there are some people out there working insidiously for privatization of the system.wanting to funnel money off to the brokers in the wall street casino.wanting to do this in spite of the financial melt down that took place two years ago.this gives new meaning to the term insanity.

bruce b of NV 12:24PM September 13, 2010