We continue our series with a look at older workers. Some found themselves suddenly out of a job due to recession. Now, half a decade later, we’re seeing how they’ve adjusted - and the many paths they’ve taken, by choice or necessity.
Kelly Clark – state director of AARP-New Hampshire
Dennis Delay – economist for the NH Center for Public Policy Studies; also New Hampshire forecast manager for the New England Economic Partnership
Do you cut coupons or drive around looking for the gas station with the lowest price? If so, you might think of yourself as a skinflint…but you’ve probably got nothing on Jeff Yeager, who proudly claims the title “The Ultimate Cheapskate.” Jeff doesn’t just stretch a dollar; he gets his cash to do calisthenics. He is the author of several books rife with miserly tips, including the The Cheapskate Next Door, Don’t Throw That Away and How To Retire The Cheapskate Way. Jeff is also featured in the AARP web video series, “The Cheap Life.”
What's hiding in your IRA? If you’re part a mutual fund that includes weapons manufacturer Smith and Wesson, you’ve seen a handsome return on your investment over the last several months. But what if you’re a proponent of stricter gun control, or a straight out pacifist? Whether by blissful ignorance or stubborn prioritizing, an uneasy dissonance between morals and money is growing in America’s investment portfolios.
A retirement crisis is looming. As people live longer, one study finds that half of all households are at risk of coming up short on retirement money. And while many working households may feel they simply don't have enough to spare for retirement, experts say some of the biggest barriers to saving up are psychological.
At 75, many people imagine they'll be retired and spending their time playing cards or on a golf course. But according to the Bureau of Labor Statistics, the number of working seniors is actually on the rise. In fact, it's more than doubled since 1990.
Ella Washington decided to go back to work at 83. Today, she's a receptionist in training at a senior living home outside Washington, D.C. She's hoping it will be a stepping stone to a real job, which she's been looking for since 2005.