Friday, August 10, 2012

Golden Years … Maybe Not

The average senior citizen has a very small retirement income. In fact the median income for those age 65 and up is only $2000 a month, according to the Social Security Administration, with the most common retirement income level being between $15,000 and $20,000 annually. While Social Security is an important retirement benefit, with upwards of 90 percent of folks age 65 and older drawing benefits. However the amounts received are at best minimal when one considers today's ever escalating cost of living.

                                                                                             Roger L. Caron

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