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The Recession's Impact on Seniors

Wednesday, October 19, 2011 - Article by: GetReverseMortgageHelp.com - Message

HELPING SENIOR CITIZENS NATIONWIDE GET THE INFORMATION THEY NEED TO KNOW ABOUT REVERSE MORTGAGE. ******* THIS IS FREE ****

The recession has impacted everyone, but it has been especially hard on American's 50 and older. In a study by AARP, it was found that many who had carefully planned for their retirement are now finding themselves having to question what their financial future holds. Many surveyed said they are now planning on having to work part time in their retirement. This is due to their loss in confidence of being able to retire with enough money to last them through their entire retirement. Others surveyed reported a painful recession experience due to declining home values and forced unemployment.

How have you weathered the recession? Were you able to remain employed? Did your retirement plan remain the same? Did you have to reevaluate or change things?

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