This article from the Center for Retirement Research at Boston College shares some startling information. Here are two key points:

  • “The retirees surveyed said they’ve had to lower their living standards, and four out of 10 described their situation as adjusting “a great deal.”
  • It’s important to note that these are recent retirees, and their financial strains may grow over the years as they deplete savings.”

Read the full article here: http://squaredawayblog.bc.edu/squared-away/retirees-live-on-less/.

 

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