Recesssion’s Toll on Retirement | WBEZ
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Eight Forty-Eight

Recesssion’s Toll on Retirement

In the late '90s, many Americans began to delay retirement past the age of 65. Those years were stifled by recession and a roller coaster ride of a stock market, which put a dent in many a retirement fund. Not much has changed.

In a recent survey by the American Association for Retired People, more than half of the 661 Illinois members surveyed reported that if the economy does not improve, they will delay retirement and work longer. Ryan Gruenenfelder is with the Illinois AARP. He's the Associate State Director of Advocacy and Outreach, and he tells us more about the new retirement reality.

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