America’s Elderly Are Twice as Likely to Work Now Than in 1985

By Bloomberg – Re-Blogged From Newsmax

Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money.

Rickety social safety nets, inadequate retirement savings plans and sky high health-care costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired.

For the first time in 57 years, the participation rate in the labor force of retirement-age workers has cracked the 20 percent mark, according to a new report from money manager United Income.

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Saying No to Pipelines Won’t Help Struggling Families, Solutions Will

By David Holt – Re-Blogged From Newsmax

Everything is increasing for the low and middle class.

Housing-related costs are up because of a severe lack of inventory. So, too, are health care costs, because there aren’t enough affordable coverage options. Even car loans are reaching a breaking point with high-interest, subprime loans that more and more people are defaulting on.

We know these truths well because they’re widely reported, constant go-to talking points for lawmakers, locally and federally.

And these trends hurt those on a fixed budget, like the elderly. They also adversely impact those who can least afford to pay more, like families and households living at or below the poverty line with little or no wiggle room in their already razor-thin budget for even the slightest increase in costs.

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