Struggling Seniors See No Choice but to Work

12.27.2006The News Journal (Wilmington, DE)


According to the company, over the next 20 years, more than 7,900 baby boomers will turn 60 years old every day. According to Fidelity Investments, a 65-year-old couple retiring in 2006 can expect to pay $200,000 in medical costs. Since the company’s first estimate of $160,000 in 2002, the number has gone up an average of 5.8 percent per year.