Friday, November 21, 2008

Retirees hit by "longevity risk" (Reuters)

Edie Stark, 84, a retiree who lives in an upscale retirement complex, said she has been hard hit by the meltdown in U.S. financial markets during an interview in Miami November 6, 2008. (Joe Skipper/Reuters)Reuters - Like many other elderly Americans, Edie Stark has been hard hit by the meltdown in U.S. financial markets. She is 84 and has been worried a lot lately about outliving her savings.


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