Ah, the golden years! Retirement was supposed to be an indulgement for seniors, their reward after raising kids and working 9-to-5 all those years. But now experts say baby boomers can no longer afford retirement, and that seniors are working longer: the employment rate for workers over 55 is at an all-time high. Are you a senior? Why have you put off retirement? Have you taken on a job when you thought you'd be traveling the world? What costs are eating up your savings? What other options do you have for paying the bills? Share your story: 258-3552 or leave your comment below.
Anthony Candida expected to retire when his last kid moved out of the house. But then the recession hit - and he suddenly found his kids and four grandchildren moving back in with him. He's now the sole full-time breadwinner for a house of nine. Nevada's multi-generational housing is on the rise, and more seniors are re-entering the work force or just working past retirement. What's the incentive to keep working for older Americans? How many families are combining households to make ends meet? And how is this multi-generational setup changing the fabric of Nevada?
With America in a recession, retirement has been changing. Employees are staying in jobs longer at mediocre pay, in order to secure their pensions. Retirees are also living longer, thanks to modern science - but that also means they meet more funds to get by. So how is the pension crisis and the aging population changing how seniors look at their future? How should they be planning for their golden years? Fronteras: The Changing America Desk is investigating what retirees face today in a radio series. We check in with two reporters and retirement experts.