People 50 and older in this economy 'very, very vulnerable'
By Brian Reisinger • For the Daily Tirbune • March 21, 2009
WAUSAU -- As executive director of The Neighbors' Place, a Wausau food pantry and aid organization, Tom Rau understands economic hardship. Almost every day, he sees families filling carts with cans of food, bread and other necessities they can't afford on their own.
But he'd rather not face his own investment statements.
"I stopped looking at it," said the 56-year-old Rau, sitting amid scattered papers on his desk. "I don't need, in my life, the aggravation."
He's among baby boomers who have worked and saved for much of their lives but now face intersecting economic worries. The prolonged recession and plummeting investment portfolios have boomers questioning when they can retire or switching careers late in life -- all while putting kids through college or caring for parents in failing health.
"In this economy, people are very, very vulnerable at that age," said Jim Flaherty, a spokesman for AARP Wisconsin, who cited economic security and health care as top concerns.
Baby boomers worry about uncertain retirement | wausaudailyherald.com | Wausau Daily Herald
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