Tuesday, November 13, 2012 - 9:25 AM

U.S. Fed Says ‘Spend’ But Worried Baby Boomers Won’t Listen

Retirement incomes are being hit by the very U.S. Fed policies that are intended to spur the three-year economic expansion and reduce an unemployment rate stuck near 8% or higher since early 2009.

Baby Boomers: U.S. Fed says ‘spend’ but worried retirees won’t listen | Retirement | Personal Finance | Financial Post

Shorebreak1,284 posts since
Apr 6, 2010
Rep Points: 4,797

1. Tuesday, November 13, 2012 - 11:05 AM

I think it is so ironic that they actually expect seniors to "spend" when they drastically cut the interest income we were depending on using to spend! I think the average senior is back to budgeting when these should be the years they get to enjoy spending. It's going to be a long way back for us from what I am reading.

paoli2448 posts since
Aug 10, 2011
Rep Points: 1,778