The inevitability of retirement hitting home for boomers
Posted June 25, 2007
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| Those who leave the work force unexpectedly, perhaps because of poor health, may also experience sharper declines in expenditures beyond what might be associated with the end of their working lives. The average household seems to plan well. But there is a segment — perhaps upward of 25 percent — that doesn’t plan well and these people do experience a decline, maybe as a result of a health shock. The focus should be on understanding who these households are and what they’re about. |  |
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