The Looming Retirement Crisis

The Looming Retirement Crisis By Joyce Luedke Currently half of all Americans 65 and older live on $18,000 a year or less. 75% of those nearing retirement age have less than $30,000 saved for retirement. In Wisconsin 101,000 people 65 and older claim the Homestead Tax Credit. In Wisconsin more than 48,000 households with people 60 or older received food stamps in 2010. The number of people 65 and older is projected to nearly double over the next 30 years. The number of people 85 and older will skyrocket 142% to 287,000. The number of people 65 and older is projected to nearly double over the next 30 years. The ...