Speakers at a meeting of The Gerontological Society of America said that the brunt of the current economic and financial crisis will fall hardest on the elderly and the soon-to-retire of the boomer generation. This is no surprise, but bears more scrutiny. If younger workers and families are struggling financially, just imagine the problems for the elderly who have seen the value of their homes and their retirement accounts dwindle, with little prospect of having the time or the means of making up the deficit.
What to do now? The plight of the elderly and others most at risk well deserved special consideration by the President-elect and his team as they prepare policies and initiatives to cope with the financial and economic crisis.
Source:
New Economic Woes Hit Boomers, Seniors Hardest
The Gerontological Society of America
http://www.geron.org/About%20Us/Press%20Room/Archived%20Press%20Releases/54-2008%20Press%20Releases/415-new-economic-woes-hit-boomers-seniors-hardest
