Saturday, July 18, 2015

America’s Seniors Find Middle-Class ‘Sweet Spot’



By Dionne Searcey and Robert Gebeloff June 14, 2015, New York Times

Most Americans suffered serious losses during and after the recession, knocked off balance by layoffs, stagnant pay and the collapse of home values. 

But apart from the super-rich, one group’s fortunes appear to have held remarkably steady: seniors.

Supported by income from Social Security, pensions and investments, as well as an increasing number of paychecks from delaying retirement, older people not only weathered the economic downturn that began in 2007 but made significant gains, a New York Times analysis of government data has found.

More "seniors" are working


 
Read the entire article



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