Your Money ;
; Many face a disrupted retirement.
F n u
On a Fixed Income
The recession and rocky recovery left few households
unscathed, but older Americans living on a fixed or
moderate income have been particularly hard hit.
Diminishing real estate values, rising health care
costs, lost jobs, few new opportunities and a volatile
stock market have sapped their financial security.
What’s more, near-zero interest rates on savings have
failed to generate income that many had counted on.
Yet, despite the difficult economic climate and the dip
in money for extras, older adults aren’t giving up on
By Carole Fleck
MAT T HERRING
20
aarp.org/bulletin MAY 2012
